Showing 4746 Documents for "recognised market operator"
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- MAS
- Parliamentary Replies
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- QUESTION NO 1640 NOTICE PAPER 2018 OF 2020 FOR WRITTEN ANSWER Date: For Parliament Sitting on 5 March 2020 Name and Constituency of Member of Parliament Mr Louis Ng Kok Kwang , MP, Nee Soon GRC Question: To ask the Prime Minister whether there are plans to expand the Green Bond Grant Scheme with stricter regulations to ensure the adherence to the Scheme's definition of eligible expenses . Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS: 1. The MAS’ Green Bond Grant
- MAS
- Media Releases
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- Singapore, 23 October 2020… The Monetary Authority of Singapore (MAS) has issued lifetime Prohibition Orders (POs) against Mr Kevin Michael Swampillai, a former representative and Head of the Wealth Management Services Department of BSI Bank Limited, Singapore Branch (BSIS) MAS withdrew BSIS’ merchant bank licence on 24 May 2016 and also imposed financial penalties amounting to S$13.3 million for breaches of MAS Notice 1014 – Prevention of Money Laundering and Countering the Financing of Terrorism
- MAS
- Media Releases
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- The IMF has released a Press Information Notice (PIN) on their 1997 Article IV Consultation with Singapore . The PIN summarises the IMF Executive Board's discussion of the IMF staff's appraisal of Singapore's economic developments and policies. The Singapore government welcomes the IMF's endorsement of its macroeconomic management during the past year under difficult conditions of regional financial market turbulence. 2 MAS wishes to clarify a number of points raised in the PIN on our exchange
- MAS
- Media Releases
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- 27 Feb 1998... The Insurance (Amendment) Regulations 1998 takes effect on 27 Feb 1998. The regulations prescribe revisions to the investment limits, introduce new permitted counterparty exposure limits, and provide clarification on the valuation of unit trusts. The amendments, which apply to the Singapore general insurance and non-linked life insurance funds of registered insurers and reinsurers, have been finalised after feedback obtained from the insurance industry. 2 The investment limits
- MAS
- Parliamentary Replies
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- Question No. 298 Notice Paper No. 237 of 2005 For Oral Answer Date: For Parliament Sitting after 21 November 2005 Name and Constituency of Member of Parliament Q298 - Assoc Prof Ong Soh Khim __________________________________________________________ Question Q298: To ask the Senior Minister in respect of credit card companies, (a) what are the measures to (i) curb over-aggressive marketing campaigns (ii) regulate the ready availability of easy credit (iii) curb the aggressive tactics employed by
- MAS
- Enforcement Actions
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- 1 On 4 March 2014, Standard Chartered Bank [“SCB”] paid composition amounts of $10,000 and $30,000 in respect of contraventions of section 23B(3) of the FAA and section 99B(3) of the SFA respectively. 2 Section 23B(3)(a) of the FAA stipulates that a principal shall not permit any individual to provide any type of financial advisory service on its behalf unless the individual is an appointed or provisional representative in respect of that type of financial advisory service
- MAS
- Enforcement Actions
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- On 18 August 2015, Mercer (Singapore) Pte. Ltd. [“MSPL”] accepted composition amounts of $10,000 for contravention of section 23B(3) of the FAA and $5,000 for contravention of paragraphs 14 and 28 of the FAA-N13. 2 Section 23B(3) of the FAA stipulates that a principal shall not permit any individual to provide any type of financial advisory service on its behalf unless the individual is an appointed representative or provisional representative in respect of that type of financial advisory
- MAS
- Parliamentary Replies
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- QUESTION NO 2498 NOTICE PAPER 959 OF 2022 FOR WRITTEN ANSWER Date: For Parliament Sitting on 15 February 2022 Name and Constituency of Member of Parliament A/P Jamus Jerome Lim, MP, Sengkang GRC Question: To ask the Prime Minister (a) what is the respective average, minimum and maximum duration from application to the final approval of licences of (i) Registered Fund Management Company (RFMC) (ii) Licensed Fund Management Company (LFMC) and (iii) Venture Capital Fund Management (VCFM); and (b) what
- MAS
- Explainers
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- Total debt servicing ratio (TDSR) applies to individuals and certain companies. TDSR must be calculated for any loan to purchase a property and any loan secured by a property, as well as the refinancing of these loans. Who TDSR Applies To Any individual applying for a loan to purchase a property or a loan secured by a property is subject to TDSR rules. It does not apply to loans for companies, as they are subject to a different set of credit assessment criteria. However, if the borrower is a sole
- PDPC
- Public Consultations
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- Hi PDPC officer, Please see our responses below. S/N Question Response Systems need to be enhanced to conform to a standard machine-readable format and a standard transmission method. The data exchange protocol and standard needs to be established as the whole industry has heterogeneous systems. If the industry is not using a standard machine- readable format, our organisation will need to perform a conversion in the format b) Scope of data covered: 1. PDPC should provide a