Showing 4746 Documents for "recognised market operator"
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- Speeches
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- The Monetary Authority of Singapore (Amendment No. 2) Bill 2007 Mr Speaker Sir, on behalf of the Senior Minister, I beg to move that the Bill be now read a second time. INTRODUCTION 2 Earlier this year, Parliament approved an amendment to the Monetary Authority of Singapore Act to consolidate the MAS’ powers, under the various Acts it administers, to issue Notices on anti-money laundering and countering the financing of terrorism (“AML/CFT”) in a single Act (i.e. section 27B of the Monetary Authority
- MAS
- Enforcement Actions Media Releases
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- Singapore, 23 May 2022… The Monetary Authority of Singapore (MAS) has issued an eight-year prohibition order (PO) against Ms Nancy Tan Mee Khim, following her conviction for consenting to Noble Consulting Group Pte Ltd (Noble) carrying on a business of dealing in securities without holding a capital markets services licence under the Securities and Futures Act 2001 (SFA) . 2. Under the PO, which took effect on 18 May 2022, Ms Tan is prohibited from performing any regulated activity or from taking
- MAS
- Letters to Editor
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- Dear Editor, MAS Highlights Rules for Banks Selling Investment Products We refer to Ms Agnes Sng Hwee Lee’s letter calling on MAS to impose regulations pertaining to sales practices for investment products sold by banks to consumers (“Relook consumer banking practices”, 4 April 2020). Ms Sng raised the concern as to whether bank officers were recommending suitable investment products. Her specific suggestion of a cooling off period is actually covered by existing rules on sales practices. Under the
- MAS
- Parliamentary Replies
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- QUESTION NO 3270 NOTICE PAPER 1894 OF 2019 FOR WRITTEN ANSWER Date: For Parliament Sitting on 4 November 2019 Name and Constituency of Member of Parliament Mr Zainal Sapari, MP, Pasir Ris-Punggol GRC Question: To ask the Prime Minister whether the policy and guiding principles for bank loans based on conventional credit assessment methodology will be reviewed and updated to be relevant to changing business models. Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS:
- MAS
- Notices
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- Requirements for the development and pricing of life insurance products and investment-linked policy sub-funds. This notice applies to all direct insurers licensed to carry on life business. It sets out: Requirements on management oversight, controls and policies and procedures on pricing and product development. Prohibited payout features. Requirements on procedure for approval of new products. Guidelines for notifying MAS of new products launched. Amendment Notes 19 Mar 2021 MAS 302 (Amendment)
- MAS
- Parliamentary Replies
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- QUESTION NO 1432 NOTICE PAPER 907 OF 2022 FOR WRITTEN ANSWER Date: For Parliament Sitting on 11 January 2022 Name and Constituency of Member of Parliament Mr Chua Kheng Wee Louis, MP, Sengkang GRC Question: To ask the Prime Minister since 2013, what is the annual number and proportion of HDB and private property flat buyers who had a total debt servicing ratio of above 55%. Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS: 1 The Total Debt Servicing Ratio (TDSR)
- MAS
- Speeches
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- Mr Jiang Jianqing, ICBC Chairman, Mr Dai Bing, distinguished guests, ladies and gentlemen, good morning. 1 I am happy to join you at this morning’s ceremony inaugurating the Industrial & Commercial Bank of China as the Renminbi clearing bank in Singapore. 2 Today’s event marks a key milestone in the financial cooperation between China and Singapore. It is the fruit of a strong and substantive collaboration between the Monetary Authority of Singapore and the People’s Bank of China. MAS extended
- MAS
- Media Releases
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- Singapore, 2 October 2014… The Monetary Authority of Singapore (MAS) today released a consultation paper on legislative amendments to the Financial Advisers Act and Insurance Act to implement the policy proposals under the Financial Advisory Industry Review (FAIR). The FAIR proposals will raise the standards and professionalism of the financial advisory (FA) industry, and encourage greater efficiency in the distribution of life insurance and investment products. It will also create a more competitive
- MAS
- Parliamentary Replies
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- QUESTION NO. 314 NOTICE PAPER NO. 440 OF 2016 FOR WRITTEN ANSWER Date: For Parliament Sitting on 09 November 2016 Name and Constituency of Member of Parliament Mr Leon Perera, Non-Constituency Member of Parliament Question: To ask the Prime Minister (a) whether any MAS rules prevent the hiring of any category of ex-offenders for positions in the financial services sector; (b) in how many instances has MAS found any financial institution to be in breach of the "fit and proper" guidelines in their
- MAS
- Media Releases
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- Singapore, 13 October 2015…Singapore and China today agreed on new initiatives to further promote the international use of the Renminbi (RMB) through Singapore. The agreement was reached at the 12th Joint Council for Bilateral Cooperation (JCBC), co-chaired by Singapore Deputy Prime Minister and Coordinating Minister for National Security, Mr Teo Chee Hean, and People’s Republic of China Vice Premier of the State Council, Mr Zhang Gaoli. 2 The new initiatives will broaden the cross-border RMB channels