Showing 5563 Documents for "MAS"
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- MAS
- Speeches
Last revised date:
- Distinguished Guests, Ladies and Gentlemen, Introduction 1. I am very happy to join you today at this 20th edition of the Asia Pacific Summit to share some thoughts on the future of globalisation and living with COVID-19. 2. It has been almost two years since COVID-19 emerged, and the virus has had wide-ranging impact all over the world. a. We have seen lockdowns of varying severity imposed worldwide, along with closures of international borders. b. We have also seen major disruptions in the global
- MAS
- Enforcement Actions
Last revised date:
- 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
Last revised date:
- 1 On 5 May 2014, Coutts & Co Ltd [“Coutts SG”] paid a composition amount of $30,000 in respect of a contravention of section 99B(3)(a) of the SFA. 2 Section 99B(3)(a) of the SFA stipulates that a principal shall not permit any individual to carry on business in any type of regulated activity on its behalf unless the individual is an appointed representative, provisional representative or temporary representative in respect of that type of regulated activity. 3 Coutts SG
- MAS
- Enforcement Actions
Last revised date:
- 1 NBI hf. had contravened section 137 of the SFA, in force at the material time, which required substantial shareholders of listed companies to notify the securities exchange of changes in their shareholdings. On 9 June 2014, NBI hf. paid a composition amount of $4,250 in respect of the breach. 2 NBI hf. failed to notify the Singapore Exchange Securities Trading Limited of the change in its deemed shareholdings in Asia Environment Holdings Ltd which took place on 15 September 2010
- MAS
- Enforcement Actions
Last revised date:
- 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
- Enforcement Actions
Last revised date:
- On 19 June 2015, Aviva Ltd [“Aviva”] paid a composition amount of $5,000 for contravening section 23B(3) of the FAA. 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 service. 3 Aviva has contravened section 23B(3) of the FAA as it permitted three
- MAS
- Media Releases
Last revised date:
- At the Financial Action Task Force (FATF) Plenary that ended on 4 March 2022, the Plenary officially selected Mr. T. Raja Kumar as its next President, to replace Dr. Marcus Pleyer. Mr. Raja will assume office on 1 July 2022 for a fixed two-year term. The FATF is the global money laundering and terrorism financing watchdog. It is an inter-governmental body established by G7 in 1989 that sets international standards to prevent and combat money laundering, terrorism and proliferation financing. The
- MAS
- Explainers
Last revised date:
- Financial institutions (FIs) should conduct a fresh credit assessment before increasing a borrower’s credit limit. Before increasing a borrower’s credit limit, financial institutions must check the borrower’s: Income, using documents dated less than 3 months before the limit increase request. Credit-related information, through Credit Bureau Singapore or DP Credit Bureau. Note: FIs must also check that the borrower meets the Credit Limit Management Measure requirements before increasing their credit
- MAS
- Explainers
Last revised date:
- Financial institutions (FIs) must disclose to borrowers how much debt they will accumulate if they haven't paid their prior month's credit card and unsecured credit facilities. Disclosure Statements to Borrowers The disclosure statement lets borrowers see how their debt will accumulate if not paid on time, so they can make informed debt repayment decisions. It must be sent to borrowers who have not paid the prior month’s bills for credit cards or revolving unsecured credit facilities in full. What
- MAS
- Regulations
Last revised date:
- Corporate governance requirements for Approved Exchanges, Approved Clearing Houses And Approved Holding Companies. 08 Oct 2018 Securities and Futures (Corporate Governance of Approved Exchanges, Designated Clearing Houses and Approved Holding Companies) (Amendment) Regulations 2018 takes effect. 01 Aug 2013 Securities and Futures (Corporate Governance of Approved Exchanges, Designated Clearing Houses and Approved Holding Companies) (Amendment) Regulations 2013 takes effect.