Showing 590 Documents for "CMS"
Filter by
Sort by
- MAS
- Monographs/Information Papers
Last revised date:
- Both banks and holders of a capital markets services licence to carry out CF advisory activities were covered in the thematic inspections. This information paper sets out the good practices and weaknesses observed, and MAS expectations from the inspections.
- MAS
- Consultations
Last revised date:
- These measures also serve to discourage retail investors from trading in these highly risky products. 7 Including Approved Exchanges, capital markets services licence holders, banks, merchant banks, and finance companies conducting regulated
- please find our general comments: Margin setting: In determining margin requirements, OAP applies margin rates based on the requirements stipulated in Table 18 of the Fourth Schedule of the Securities and Futures (Financial and Margin Requirements for Holders of Capital
- MAS
- Consultations
Last revised date:
- Any person exempt from the requirement to hold a capital markets services licence to carry on business in advising on corporate finance under paragraph 7(1)(b) of the Second Schedule to the Securities and Futures (Licensing and Conduct of Business) Regulations.
- CONSULTATION PAPER ON NOTICE ON OUTSOURCING SEP 2014 Annex 1 This Notice shall not apply to the list of institution classes stated below:- Any person exempt from the requirement to hold a capital
- MAS
- Monographs/Information Papers
Last revised date:
- higher ML/TF risks ˃ conduct adequate ECDD and enhanced monitoring of transactions by high-risk TRPs ˃ consider if there were grounds for filing of suspicious transaction reports despite unusual circumstances 20 -------- MONEY LAUNDERING-RELATED CONTROL BREACHES Featured Case Revocation of Capital
- MAS
- Consultations
Last revised date:
- resulting positive change in fair value reflected in CM.
- interests and the investors interests in the receivables outstanding at the beginning of the month; (c) the amortisation period is sufficient for at least 90% of the total debt outstanding at the beginning of the amortisation period to have been repaid or recognised as in default; and CM
- markets services licence under section 84(1) of the Securities and Futures Act (Cap. 289); or (b) any entity that is approved, licensed, registered or otherwise regulated by a regulatory agency other than the Authority to carry out activities permitted under a capital
- MAS
- Consultations
Last revised date:
- The feedback received noted that there may be an overlap between Notices, for example, if a bank licensee also holds a Capital Markets Services license.
- MARKETS SERVICES LICENCEES AND PERSONS EXEMPTED UNDER PARAGRAPH 4(1)(C),5(1)(D) OR 7(1)(B) OF THE SECOND SCHEDULE TO THE SECURITIES AND FUTURES (LICENSING AND CONDUCT OF BUSINESS) REGULATIONS FROM HAVING TO HOLD A CAPITAL MARKETS SERVICES LICENSE SECURITIES AND FUTURES
- Markets Services license, and all persons exempted under paragraph 4(1)(c),5(1)(d) or 7(1)(b) of the Second Schedule to the Securities and Futures (Licensing and Conduct of Business) Regulations from having to hold a Capital Markets Services license. 2 2.1 DEFINITIONS
- MAS
- Consultations
Last revised date:
- apply if no selling or promotional expenses are paid or incurred in connection with the employee scheme, other than those incurred for administrative or professional 31 -------- services or incurred by way of commission or fee for services rendered by the holder of a capital
- Act (Cap. 108); (d) a company or society registered under the Insurance Act (Cap. 142) as an insurer; 32 -------- (e) a company registered under the Trust Companies Act (Cap. 336); (f) the Government or a statutory body; (g) a pension fund or collective investment scheme; (h) the holder of a capital
- invitation; and (b) no selling or promotional expenses are paid or incurred in connection with the offer or invitation other than those incurred for administrative or professional services or incurred by way of commission or fee for services rendered by the holder of a capital
- MAS
- Consultations
Last revised date:
- TABLE 2 COMPOSITION OF DIRECTORS Independent Chairman Consumer Directors Industry Director (Banks and Finance Companies) Industry Director (Life & General insurers) Industry Director (CMS Licensees & Financial Advisers) Total number of Directors 1 3 1 1 1 7 9 Directors will
- SHARE OF DISPUTES BLOCK Total 6 7 9 A Banks and finance companies B Life insurers C General insurers D Capital markets services licensees E Licensed financial advisers and insurance intermediaries No of disputes Share of disputes 229 306 274 50 50
- Levy = $720,000 10% Funding Basis B = 36% Funding Basis A = 18% Funding Basis C = 36% Case Fees Levy iii -------- ILLUSTRATIONS OF FUNDING ARRANGEMENTS BY BLOCK 50 5.5% $44,000 $39,600 % of Levy % of Cost 100% 0% 90% 0% 0% 0% BLOCK D (Capital
- MAS
- Consultations
Last revised date:
- The illustrations are only intended as a guide. 3.1.26 An entity that holds a capital markets services licence to deal in securities or trade in futures contracts or leveraged foreign exchange under the SFA is exempt from holding a financial advisory licence under the FAA
- understand and Update on Consumer Testing of Product Highlights Sheet CONSULTATION PROPOSED SECTION PAPER 5: 21 As prescribed in the Notice on Minimum Entry and Examination Requirements for Representatives of Holders of CMS
- approving authority to have in-depth knowledge of the product or the customer to enable them to approve the opening of the trading account and ensure that appropriate safeguards have been imposed. 14 Section 23(1) of the FAA exempts a holder of a capital
- MAS
- Annual Reports
Last revised date:
- The survey was conducted from October 2005 to February 2006, and covered 100 representatives from 30 financial advisers (FAs) comprising licensed FAs, banks, insurance companies and capital markets services (CMS) licence holders.
- Between August and October 2005, we conducted a thematic inspection on 23 FAs comprising licensed FAs, banks, insurance companies and CMS licence holders to assess the adequacy of their controls to monitor and deter improper switching and churning activities.
- Deposits from securities companies represent statutory deposits from holders of capital market services licences required under the Securities and Futures Act (Chapter 289, 2002 Revised Edition). 17 PROVISIONS AND OTHER LIABILITIES 17.1 Provisions have been made for contingencies under Section