Showing 4746 Documents for "recognised market operator"
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- MAS
- Explainers
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- The maximum housing loan borrowers can take depends on their age, loan duration and property type, and whether they have existing housing loans. Joint borrowers are assessed using an income-weighted average age. Loan Tenure The maximum loan tenure for housing loans is capped at: 30 years for HDB flats. 35 years for non-HDB properties. Calculating Age for Joint Borrowers For joint borrowers, use their income-weighted average age as their present age. This formula calculates their average age as it
- MAS
- Letters to Editor
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Response to “Isn't just one 'standard' QR code system enough?” - The Straits Times, 23 November 2017- Dear Editor, We thank Mr Heah for his feedback on the QR code standard for Singapore. (“Isn't just one 'standard' QR code system enough?”, The Straits Times, 23 November 2017). SG QR is indeed the ‘one standard QR code system’ that Mr Heah envisages. It will be able to incorporate payment schemes of all current as well as future providers onto a single QR without needing to conform to each of their proprietary specifications. SG QR will also be able to accept QR payments from international visitors
- MAS
- Media Releases
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- Singapore, 3 November 2020… The Monetary Authority of Singapore (MAS) said today that the extended credit relief measures announced by MAS and the financial industry on 5 October 2020 will provide support to SMEs affected by the Re-align Framework The Re-align Framework, implemented through amendments to the COVID-19 (Temporary Measures) Act passed on 3 November 2020, will help businesses that have been significantly impacted by COVID-19 to restructure or renegotiate their contractual obligations
- MAS
- Parliamentary Replies
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- QUESTION NO 1425 NOTICE PAPER 1846 of 2019 FOR WRITTEN ANSWER Date: For Parliament Sitting on 7 October 2019 Name and Constituency of Member of Parliament Miss Cheng Li Hui, MP, Tampines GRC Question: To ask the Prime Minister (a) whether there is a need to strengthen regulations governing digital advisors in order to better protect the interests of Singaporean investors; (b) whether the current MAS guidelines have resulted in the establishment of adequate and robust frameworks by digital advisors
- MAS
- Media Releases
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- Singapore, 16 November 2016... The Monetary Authority of Singapore (MAS) today announced that it is partnering R3, a Blockchain technology company, and a consortium of financial institutions on a proof-of-concept project to conduct inter-bank payments using Blockchain technology. This project could potentially avail a payment system for participants to transact in different global markets round-the-clock that are today limited by time zone differences and office hours. 2 The project will develop
- MAS
- Media Releases
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- Singapore, 21 October 2010...MAS has issued its response to feedback on the proposals in the Consultation Paper on the Regulatory Regime for Listed and Unlisted Investment Products, which was published on 28 January 2010. 2 MAS received extensive feedback from consumers and the industry, which we have carefully reviewed and considered. MAS thanks all respondents for their supportive and useful feedback. 3 MAS' response addresses feedback on the following proposals: (
- MAS
- Media Releases
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- Singapore, 6 July 2015 – The Securities Industry Council (the Council) today issued a consultation paper on proposed amendments to the Singapore Code on Take-overs and Mergers (the Code). 2 The proposals take into account market developments and evolving international practices since our last review in 2012, and discussions with practitioners active in the field of mergers and acquisitions. Key proposals in the paper include:- (a) Competing offers . To provide greater certainty on the applicable
- MAS
- Explainers
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- Adjustments to the value of a used motor vehicle to take into account depreciation when calculating the applicable loan-to-value limit. Adjusting the Value of Used Motor Vehicles The value of a used motor vehicle depreciates over time. When calculating the applicable loan-to-value (LTV) limit for a used vehicle, FIs should take the depreciation into account by using the following formula: OMV – [Age of motor vehicle (in months)/120 months x OMV] To illustrate, these examples show a used motor vehicle
- MAS
- Media Releases
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- Singapore, 29 August 2019… The Monetary Authority of Singapore (MAS) announced today that it will begin accepting applications for new digital bank licences. Interested parties have until 31 December 2019 to submit their applications. This follows the announcement in June 2019 by Mr Tharman Shanmugaratnam, Senior Minister and Chairman of MAS, that MAS will issue up to two digital full bank licences and three digital wholesale bank licences. 2 The new digital bank licences, which will be extended
- MAS
- Letters to Editor
Last revised date:
- Dear Editor, We refer to the letters from Mr Sarvjeet Sharma (“Banking revolution may be bad news for employees”, 6 July) and Dr Patrick Liew Siow Gian (“Add value to roles that cannot be managed by technology”, 9 July) commenting on the growing use of technology and its impact on jobs. Technology is reshaping the way products and services are produced and consumed. To stay competitive, businesses have no choice but to harness technology so that they can serve their customers better. The financial