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    • MAS
    • Financial Sector Development Fund Annual Report

    Last revised date:

    • -------- CONTENTS 02 Establishment and Objects of the Fund 03 Highlights of the Year 06 07 Looking Ahead Financial Statements 1 -------- Establishment and Objects of the Fund The Financial Sector Development Fund (FSDF or the Fund) is established under Section 127 of the Monetary Authority of Singapore Act (Cap. 186, 1999 Revised Edition). It is controlled and administered by the Monetary Authority of Singapore (MAS), and is used for the objects and purposes set out in
    • MAS
    • Consultations

    Last revised date:

    • Response VIEW DOCUMENT Response to Feedback on Proposed Amendments to MAS 637 (71.2 KB) Consultation Paper VIEW DOCUMENT Proposed Amendments to MAS Notice 637 to Implement Basel III Capital Standards in Singapore (7.14 MB) RESPONSE TO FEEDBACK RECEIVED CONSULTATION ON PROPOSED AMENDMENTS TO MAS NOTICE 637 TO IMPLEMENT BASEL III CAPITAL STANDARDS IN SINGAPORE Introduction 1.1 On 28 December 2011, MAS issued a consultation paper inviting Singapore-incorporated banks (Reporting
    • MAS
    • Monographs/Information Papers

    Last revised date:

    • Jul 2008: MAS expands Standing Facility access to include all MEPS+ participants that have entered into the PSA/ISMA Global Master Repurchase Agreement with MAS.
    • The facility allows eligible financial institutions that have signed the PSA-ISMA Global Master Repurchase Agreement (GMRA) with MAS to obtain Singapore dollar funds on an intraday basis through repo transactions involving SGS and MAS Bills, with appropriate haircuts applied.
    • MAS
    • Consultations

    Last revised date:

    • Proposals to the REIT regime to foster stronger governance practices and greater alignment of interests, while providing REITs with more operational flexibility to enhance their portfolio to deliver stronger performance. Response VIEW DOCUMENT Response to Feedback Received_Consultation on Enhancements to the Regulatory Regime Governing REITs and REIT Managers (206 KB) Main Changes to the Proposed Policy Positions (408.3 KB) Consultation Paper VIEW DOCUMENT Consultation Paper on Enhancements to the
    • MAS
    • Financial Sector Development Fund Annual Report

    Last revised date:

    • MAS offers funding support to firms and individuals participating in the financial services sector through the Financial Sector Development Fund (FSDF). Learn more about FSDF . FSDF grants support a wide range of initiatives across talent development, technology and innovation, financial sector activities and consumer education. In the past year, FSDF also funded initiatives to combat the COVID-19 pandemic. In April 2020, FSDF launched a S$125 million support package to sustain and strengthen capabilities
    • MAS
    • Financial Sector Development Fund Annual Report

    Last revised date:

    • MAS offers funding support to firms and individuals participating in the financial services sector through the Financial Sector Development Fund (FSDF). Learn more about FSDF . FSDF grants support a wide range of initiatives across talent development, technology and innovation, financial sector activities and consumer education. In the past year, FSDF also funded initiatives to combat the COVID-19 pandemic. In April 2020, FSDF launched a S$125 million support package to sustain and strengthen capabilities
    • MAS
    • Financial Sector Development Fund Annual Report

    Last revised date:

    • MAS offers funding support to firms and individuals participating in the financial services sector through the Financial Sector Development Fund (FSDF). Learn more about FSDF . FSDF grants support a wide range of initiatives across talent development, technology and innovation, financial sector activities and consumer education. In the past year, FSDF also funded initiatives to combat the COVID-19 pandemic. In April 2020, FSDF launched a S$125 million support package to sustain and strengthen capabilities
    • MAS
    • Guidelines

    Last revised date:

    • Guidelines on the licensing admission criteria for persons applying for a financial adviser’s licence under the Financial Advisers Act. These guidelines set out the licensing admission criteria for persons applying for a financial adviser’s licence under the Financial Advisers Act, including: Who needs to apply for a financial adviser's licence. Criteria that will be taken into consideration when assessing applications. See also: FAQs on Financial Advisers Act, Financial Advisers Regulations, Notices
    • MAS
    • Consultations

    Last revised date:

    • The Regulation 3A Exemption facilitates offshore funds placements for certain private banking, custody, and payment and settlement services.
    • The Regulation 3A Exemption facilitates offshore funds placements for certain private banking, custody, and payment and settlement services, by allowing the head office or parent bank of a foreign bank in Singapore to accept deposits from an AI, through its Singapore branch or subsidiary
    • Clause 14(5) of the Payment Services Bill retains the current requirement under section 11(3) of the Money- Changing and Remittance Businesses Act, for a remittance licensee to seek MAS approval before commencing remittance business at any additional place of business.
    • MAS
    • Media Releases

    Last revised date:

    • Singapore, 15 January 2020… The Monetary Authority of Singapore (MAS) and the Accounting and Corporate Regulatory Authority (ACRA) launched the Variable Capital Companies (VCC) framework today. The VCC is a new corporate structure that can be used for a wide range of investment funds and provides fund managers greater operational flexibility and cost savings Fund managers will have greater flexibility in share issuance/redemption and the payment of dividends. Managers will also be able to incorporate