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    • MAS
    • Media Releases

    Last revised date:

    • Singapore, 27 April 2022… In its latest Enforcement Report published today, the Monetary Authority of Singapore highlighted the strong enforcement actions taken against financial institutions (FIs) and individuals for breaches of laws and regulations administered by MAS.
    • Through such updates, MAS aims to provide greater transparency regarding on-going efforts to pursue complex and high-profile cases. MAS has also elaborated on its considerations in disclosing information regarding ongoing investigations1.
    • Enhancing the effectiveness of enforcement – MAS introduced enhanced prohibition order powers in the Financial Services and Markets Bill 2022 in Parliament and consulted on proposals to strengthen its investigative powers under MAS-administered Acts.
    • MAS
    • Consultations

    Last revised date:

    • The MAS would like to thank all respondents for their comments. 1.2 MAS has carefully considered the feedback received.
    • MAS Response 4.2 MAS agrees with the comment that the disclosure should be standardised across the industry. In this regard, MAS will engage the Life Insurance Association of Singapore to work on the standardised disclosure.
    • Authority of Singapore (MAS) issued a public consultation on settlement options in life policies.
    • MAS
    • Consultations

    Last revised date:

    • reports to MAS.
    • MAS will only publish non-anonymous submissions.
    • MAS seeks comments on the revised IA Notice (Annex B). Question 3. MAS seeks comments on the revised SFA Notice (Annex C).
    • MAS
    • Speeches

    Last revised date:

    • MAS' Relations with LIA I now would like to talk a bit more specifically about MAS' relations with LIA. I used the term "partner" a minute ago. MAS does see LIA as a partner in its efforts to strengthen the insurance industry in Singapore and improve service to consumers.
    • The role includes: standard setting providing input to MAS on proposed regulatory and supervisory policies acting as communication channel for members in discussions with MAS supporting the future development of the industry in Singapore. So LIA is an increasingly important body in the eyes of MAS.
    • As many as you know, MAS is moving away from its traditional approach to supervising financial industries.
    • MAS
    • Media Releases

    Last revised date:

    • About the Monetary Authority of Singapore The Monetary Authority of Singapore (MAS) is Singapore’s central bank and integrated financial regulator.
    • The SFF is organised by the Monetary Authority of Singapore (MAS) in partnership with The Association of Banks in Singapore and in collaboration with SingEx. Find out more at www.fintechfestival.sg .
    • Event to Return in 2021, 8-12 November Singapore, 17 December 2020… The 5-day round-the-clock Singapore FinTech Festival (SFF) and the Singapore Week of Innovation and TeCHnology (SWITCH) organised by the Monetary Authority of Singapore (MAS) and Enterprise Singapore (ESG) ended on 12 December 2020 The
    • MAS
    • Circulars

    Last revised date:

    • Report if the gating or suspension of a CIS has already been notified to MAS via an SR Report, in connection with a surge in redemptions. 8 Please contact your MAS officer-in-charge if you require any clarification.
    • of significant daily redemptions, MAS noted instances of consecutive outflows for certain CIS.
    • Exempt CIS). 2 -------- Monetary Authority of Singapore New Format for Reporting of Fund Gating and Suspension 6 Presently, FMCs report the suspension of fund dealings or the activation of gating measures5 to MAS verbally or via email.
    • MAS
    • Speeches

    Last revised date:

    • Under section 5(1) of the BWAA, MAS is allowed to “acquire, hold and deal with” Special Drawing Rights (SDRs) of the Government in accordance with the Articles of Agreement of the IMF, while section 5(2) allows MAS to “buy and sell” these SDRs.
    • The funding of IMF offices hosted in Singapore has been subsumed under MAS’ overall annual budget and approved on a consolidated basis by the President as part of the budget approval process, in accordance with the Monetary Authority of Singapore Act. 7.
    • Minister of State, Ministry of Culture, Community and Youth and Ministry of Trade and Industry, Mr Alvin Tan, on behalf of Senior Minister and Minister-in-charge of the Monetary Authority of Singapore (“MAS”), Mr Tharman Shanmugaratnam, today moved the Bretton Woods Agreements (Amendment) Bill (“Bill
    • MAS
    • Macroeconomic Reviews

    Last revised date:

    • Professor Eichenbaum visited MAS in March 2019 as the MAS-NUS Term Professor in Economics and Finance. The views in this article are solely those of the author and should not be attributed to MAS.
    • Consequently, MAS is downgrading its 2019 forecast range for MAS Core Inflation to 12%. Economic Policy Group Monetary Authority of Singapore -------- Monetary Policy Statement iii Growth Backdrop 4.
    • This Macroeconomic Review is produced by EPG, MAS.
    • MAS
    • Consultations

    Last revised date:

    • their comments and feedback on the Capital Markets Policy Division Capital Markets Department Monetary Authority of Singapore 10 Shenton Way MAS Building Singapore 079117 Email: SFA_FAA_LegisConsult@mas.gov.sg Fax: (65) 6225-1350 MAS requests that all comments and feedback be submitted
    • MAS appreciates such concerns and will take them into account in implementing the changes.
    • The list of respondents can be found at Annex 1. 1.3 MAS thanks all respondents for their comments. MAS has carefully considered the feedback and where it agreed with the comments, incorporated them into the draft Regulations.
    • MAS
    • Notices

    Last revised date:

    • (Valuation and Capital) Regulations 2004 and MAS Notice 133. [MAS Notice 212 (Amendment) 2018] [MAS Notice 212 (Amendment) 2020] 7.
    • [MAS Notice 212 (Amendment No. 2) 2020] [MAS Notice 212 (Amendment) 2021] 2.