Showing 4746 Documents for "recognised market operator"
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- Media Releases
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- Singapore, 30 December 2004...The Monetary Authority of Singapore (MAS) announced that it will not allow banks and financial institutions granting housing loans to disburse cash rebates of any amount within a year from the date the borrower pays up the cash down payment in full. MAS considers such rebates as assisting the borrower to meet the cash down payment required under MAS' Notices on Housing Loans. MAS reminds all financial institutions not to offer any scheme that has the effect of assisting
- MAS
- Media Releases
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- Singapore, 6 August 2002.... The Monetary Authority of Singapore (MAS) today released a Consultation Paper on the proposed features of a deposit insurance scheme in Singapore. The scheme will cover all Singapore dollar deposits held by individuals up to a limit of $20,000. It will be backed by a fund targeted to reach 0.3% of insured deposits or an estimated $120 million. The fund will be built up over a period of 10 years, based on premium contributions from all Full Banks and finance companies
- MAS
- Enforcement Actions
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- Singapore, 24 July 2018… The Monetary Authority of Singapore (MAS) has issued 4-year prohibition orders against Ms Chan Seet Fun for the misappropriation of client monies. 2 The orders prohibit Ms Chan from providing any financial advisory service and taking part in the management, acting as a director, or becoming a substantial shareholder of any financial advisory firm under the Financial Advisers Act. Ms Chan is also prohibited from carrying on business as, and taking part in the management
- MAS
- Parliamentary Replies
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- QUESTION NO 708 NOTICE PAPER 402 OF 2021 FOR WRITTEN ANSWER Date: For Parliament Sitting on 10 May 2021 Name and Constituency of Member of Parliament Mr Melvin Yong Yik Chye, MP, Radin Mas SMC Question: To ask the Prime Minister (a) how many car loans have been defaulted in the past 12 months; (b) how many of these loans involved used cars; and (c) whether the Ministry will consider outlawing the practice of overtrade of used cars to encourage financial prudence in the purchase of cars. Answer by
- MAS
- Media Releases
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- Singapore, 1 August 2018… The Monetary Authority of Singapore (MAS) announced today that Singapore will undergo the International Monetary Fund (IMF)’s Financial Sector Assessment Programme (FSAP) this year. The FSAP will assess the resilience of Singapore’s financial sector, the quality of MAS’ regulatory framework and supervision, and capacity of authorities to manage and resolve financial crises. This will be Singapore’s third FSAP assessment. 2 Specifically, the scope of the FSAP will include
- MAS
- Media Releases
Last revised date:
- Singapore, 24 July 2018… The Monetary Authority of Singapore (MAS) has issued 4-year prohibition orders against Ms Chan Seet Fun for the misappropriation of client monies. 2 The orders prohibit Ms Chan from providing any financial advisory service and taking part in the management, acting as a director, or becoming a substantial shareholder of any financial advisory firm under the Financial Advisers Act. Ms Chan is also prohibited from carrying on business as, and taking part in the management
- MAS
- Media Releases
Last revised date:
- Singapore, 25 Mar 2020… The Accounting and Corporate Regulatory Authority (ACRA), Monetary Authority of Singapore (MAS) and Singapore Exchange Regulation (SGX RegCo) expect all issuers to comply with the Ministry of Health’s (MOH) mandatory safe distancing measures. 2. Issuers must implement all the relevant measures in the conduct of meetings including general meetings and scheme meetings. 3. ACRA and MAS are working with other relevant government agencies to propose legislative amendments
- MAS
- Media Releases
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- Singapore, 10 Oct 2011 - The Securities Industry Council ("SIC" or the "Council") today issued a consultation paper on proposed amendments to the Singapore Code on Take-overs and Mergers (the "Singapore Code") to keep pace with market innovations and international practices. SIC invites interested parties to give their views and comments on the consultation paper. A copy of the consultation paper is available below. The consultation paper is the result of discussions with practitioners in the field
- MAS
- Letters to Editor
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- 26 November 2014 The Editor Business Times Dear Editor We refer to the article by R Sivanithy, “Reinvent rules for remisiers” (The Business Times, 18 Nov 2014). Mr Sivanithy mentioned that trading representatives (TRs) of broking houses are prohibited from offering investment advice under the Securities and Futures Act (SFA). We would like to clarify that the provision of financial advice is regulated under the Financial Advisers Act (FAA). TRs with necessary qualifications and who have passed
- MAS
- Media Releases
Last revised date:
- Singapore 28 November 2011… The Monetary Authority of Singapore (MAS) organised a Roundtable discussion themed "Global-Asia Dynamics" today to mark its 40th Anniversary. A select group of 30 central bankers, industry leaders and academics participated in the Roundtable to share global perspectives and regional experiences. The Roundtable was hosted by Deputy Prime Minister and Chairman, MAS, Tharman Shanmugaratnam. Two broad topics were discussed at the Roundtable. 2 At the first session