Showing 4746 Documents for "recognised market operator"
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- PDPC
- Public Consultations
Last revised date:
- It is proposed that the exclusions under Section 4 of the PDPA to apply to the proposed breach notification provisions under the PDPA where any employee acting in the course of his or her employment with the organization. For the exemption under “any employee acting in the course of his or her employment with the organization”, we wish to clarify with the PDPC if this intention is to exclude inadvertent data disclosures made by employees acting in the course of employment. An example would be
- MAS
- Letters to Editor
Last revised date:
- Dear Editor, We thank Mr Zhou Quansheng for his feedback and support for the SG QR initiative. (“Will physical receipts be issued for payments made via e-payments?”, Lianhe Zaobao, 25 November 2017). Mr Zhou asked if merchants would still be able to provide receipts if payments are made via e-payments. Customers can still receive physical receipts regardless of the payment mode used. In addition, customers making QR code payments through their mobile phone apps will receive confirmation of their
- MAS
- Explainers
Last revised date:
- Financial institutions (FIs) must compute the total debt servicing ratio (TDSR) of borrowers who apply for property loans. Overview The total debt servicing ratio (TDSR) is a maximum threshold set by MAS. However, FIs may grant property loans to borrowers whose TDSR exceeds the threshold on an exceptional basis, subject to enhanced credit evaluation. Why Is TDSR Required? Property loans can be large, long-term liabilities for most individuals and households. TDSR limits ensure that borrowers are
- MAS
- Media Releases
Last revised date:
- Manila, 4 May 2018…The Ministry of Finance of Japan, and the Monetary Authority of Singapore announced their intent to renew the existing Bilateral Swap Arrangement (BSA) when it expires on 21 May 2018. The current BSA enables the authorities in Japan and Singapore to swap their local currencies (i.e. the Japanese yen and the Singapore dollar, respectively) in exchange for US dollars in times of need. Japan and Singapore are in discussion to include Japanese yen as an additional currency of choice
- MAS
- Letters to Editor
Last revised date:
- Dear Editor, "Structural cracks" (May 24th) contains references to Singapore that are factually incorrect. First, the Singapore dollar is managed against a trade-weighted basket of currencies of our major trading partners, and is neither managed nor pegged (as is the case in the Hong Kong SAR) to the US dollar. The trade-weighted Singapore dollar is allowed to fluctuate within a policy band that is consistent with economic fundamentals, with the aim of achieving sustained non-inflationary growth
- MAS
- Media Releases
Last revised date:
- Singapore, 21 May 2015…The Bank of Japan, acting as the agent for the Minister of Finance of Japan, and the Monetary Authority of Singapore signed the third Bilateral Swap Arrangement (BSA) on 21 May 2015. The arrangement will enable the authorities in Japan and Singapore to swap their local currencies (i.e., Japanese yen and Singapore dollars respectively) against US dollars. The size of the facility is the same as the previous BSA where Singapore can swap Singapore dollars against US dollars up
- MAS
- Enforcement Actions
Last revised date:
- Singapore, 28 June 2022… Ms Lee Ying Hui (“Lee”), was charged today for an offence under the Securities and Futures Act 1 (“SFA”). 2 Ms Lee is accused of managing her clients’ portfolio of capital markets products and entering into spot foreign exchange contracts for the purpose of managing her clients’ funds, between 14 December 2017 and 30 June 2020. She was charged under section 82(1) of the SFA for carrying on business in fund management, without holding a capital market services licence granted
- MAS
- Parliamentary Replies
Last revised date:
- Date: For Parliament Sitting on 8 May 2023 Name and Constituency of Member of Parliament Ms Mariam Jaafar, Sembawang GRC Question: To ask the Prime Minister whether MAS is considering curbs on car loans in light of the record high COE prices. Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS: 1. MAS’ restrictions on motor vehicle loans granted by financial institutions are principally to encourage households to borrow prudently. The latest data shows that very few
- MAS
- Media Releases
Last revised date:
- Singapore, 16 Dec 2002. The Monetary Authority of Singapore (MAS) has re-opened applications for Wholesale Bank (WB) licences. This follows the announcement of its banking liberalisation programme of 29 June 2001, when MAS stated that it would grant 20 WB licences over the next two years. The remaining seven WB licences are now available for application. This move is in line with the shift by MAS from a three-tier bank licensing regime ' Full, Restricted and Offshore ' towards a more streamlined
- MAS
- Media Releases
Last revised date:
- Singapore, 22 June 2012... The Monetary Authority of Singapore (MAS) today released a consultation paper on the review of the Risk-Based Capital (RBC) framework for insurance business. 2 The RBC framework was first introduced in Singapore in 2004. It adopts a risk-focused approach to assessing capital adequacy and seeks to reflect the relevant risks that insurance companies face. MAS is reviewing the framework, given evolving market practices in the insurance industry and in international accounting