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    • MAS
    • Media Releases

    Last revised date:

    • MAS also announced the re-appointments of existing Board members. 2     Minister Wong has also been appointed Deputy Chairman of the MAS Board. He had previously served on the MAS Board from 10 June 2011 to 29 August 2016. 3     Mrs Deborah Ong has been appointed as member of the MAS Board.
    • The Monetary Authority of Singapore (MAS) today announced the appointment of Mr Lawrence Wong, Minister for Finance, and Mrs Deborah Ong to its Board of Directors for a term of three years from 1 June 2021 to 31 May 2024.
    • Mr Ong Ye Kung, Minister for Health, who has served as a member of the MAS Board since 29 August 2016, will step down on 31 May 2021. 5     Mr Tharman Shanmugaratnam, Senior Minister and Coordinating Minister for Social Policies, has been re-appointed as Chairman of the MAS Board for a further term of
    • MAS
    • Media Releases

    Last revised date:

    • MAS also announced the re-appointments of existing Board members. 2     Minister Wong has also been appointed Deputy Chairman of the MAS Board. He had previously served on the MAS Board from 10 June 2011 to 29 August 2016. 3     Mrs Deborah Ong has been appointed as member of the MAS Board.
    • The Monetary Authority of Singapore (MAS) today announced the appointment of Mr Lawrence Wong, Minister for Finance, and Mrs Deborah Ong to its Board of Directors for a term of three years from 1 June 2021 to 31 May 2024.
    • Mr Ong Ye Kung, Minister for Health, who has served as a member of the MAS Board since 29 August 2016, will step down on 31 May 2021. 5     Mr Tharman Shanmugaratnam, Senior Minister and Coordinating Minister for Social Policies, has been re-appointed as Chairman of the MAS Board for a further term of
    • MAS
    • Consultations

    Last revised date:

    • MAS will only publish non-anonymous submissions. In addition, MAS reserves the right not to publish any submission received where MAS considers it not in the public interest to do so, such as where the submission appears to be libellous or offensive.
    • Monetary Authority of Singapore 59 -------- CONSULTATION PAPER ON PROPOSED REVISIONS TO TECHNOLOGY RISK MANAGEMENT GUIDELINES 7 MARCH 2019 Monetary Authority of Singapore 60
    • MAS invites feedback from financial institutions and other interested parties on the proposed changes to the guidelines.
    • MAS
    • Speeches

    Last revised date:

    • This serves to set signposts on MAS’ expectations, raise awareness in the industry on unacceptable behaviour, and signal to investors that MAS is serious about taking errant individuals to task. But rest assured that MAS exercises these powers fairly and judiciously.
    • MAS’ Supervisory Approach for Fund Managers 5    With new entrants and business models, MAS’ supervision needs to be responsive to new or emerging risks. Furthermore, asset management is increasingly a globalised business.
    • All these demand that MAS regularly review and enhance our supervisory toolkit to cope with the expanding breadth and depth of our asset management industry, and monitor fund managers’ conduct and compliance with evolving rules and regulations. 6    Let me explain how MAS seeks to achieve this. • Structure
    • MAS
    • Media Releases

    Last revised date:

    • We also welcome proposals and opportunities to collaborate with the industry to further improve our data collection.” 6     MAS’ response to the second public consultation MAS conducted two public consultations with the industry on the “Proposed Revisions to MAS Notice to Banks 610 and MAS Notice to
    • The Monetary Authority of Singapore (MAS) has issued revised regulatory requirements which set out the revised reporting standards for banks in Singapore. These changes will take effect on 1 October 2020.
    • Please see the First Consultation and Second Consultation on MAS website. can be found here .
    • MAS
    • Circulars

    Last revised date:

    • MAS Notice 637 Excel Submission Templates (Version 1.0) (ZIP, 1.56 MB) MAS Notice 637 XML Schema Definition (Version 1.0) (ZIP, 4.6 MB) MAS Notice 637 Rules and Features (Version 1.0) (ZIP, 506.3 KB) MAS Notice 637 Sample XML Files (Version 1.0) (ZIP, 652.7 KB) PPD 11/2022 19 December 2022
    • To the Chief Executive Officers of all Locally-incorporated Banks Dear Sir/Madam FINAL BASEL III REFORMS IN SINGAPORE REPORTING SCHEDULES FOR SUBMISSION VIA MAS DATA COLLECTION GATEWAY (DCG) AND IMPLEMENTATION TIMELINE The Monetary Authority of Singapore (MAS) has released the
    • MAS will provide the test submission links to banks nearer to the start date for testing.
    • MAS
    • Guidelines

    Last revised date:

    • Monetary Authority of Singapore INTERNAL CONTROLS Monetary Authority of Singapore July 2014 Monetary Authority of Singapore Monetary Authority of Singapore Monetary Authority of Singapore Monetary Authority of Singapore Monetary Authority of Singapore Monetary Authority of Singapore
    • Monetary Authority of Singapore Monetary Authority of Singapore Monetary Authority of Singapore Monetary Authority of Singapore Monetary Authority of Singapore Monetary Authority of Singapore Monetary Authority of Singapore Monetary Authority of Singapore -------- 2 Control Environment
    • 11 12 MONETARY AUTHORITY OF SINGAPORE VII
    • MAS
    • Enforcement Actions

    Last revised date:

    • Singapore, 30 May 2017…The Monetary Authority of Singapore (MAS) announced today that it has completed its two-year review of banks involved in 1MDB-related transactions known to-date. 
    • MAS did not however detect pervasive control weaknesses within these banks.
    • MAS has notifed another three current and former employees of its intention to issue POs against them, ranging from 3 to 6 years. Conclusion Mr Ravi Menon, Managing Director, MAS, said, “The two-year long 1MDB-related review holds key lessons for both MAS and financial institutions in Singapore. 
    • MAS
    • Media Releases

    Last revised date:

    • Singapore, 8 June 2016… The Monetary Authority of Singapore (MAS) announced today that it will make it easier for start-ups and Small and Medium Enterprises (SMEs) to access securities-based crowd-funding (SCF) in two ways. 2   First, MAS will make it easier for SCF platform operators to rely on the
    • new guidelines provide guidance on the scope of the advertising restrictions in sections 272A, 272B and 275 of the Securities and Futures Act (Cap. 289). *** Monetary Authority of Singapore ANNEX A FACTSHEET ON MAS PROPOSALS FOR SECURITIES-BASED CROWDFUNDING (SCF) MAS objective Strike
    • For such platform operators, MAS will simplify the pre-qualifications that currently allow issuers raising less than $5 million within 12 months to do so without having to issue a prospectus. 1 As a safeguard for investors, MAS will require these SCF platform operators to document and disclose the key
    • MAS
    • Guidance

    Last revised date:

    • The policy and procedures were initially drafted based on MAS Notice 626 for Banks rather than the applicable MAS AML/CFT Notice for CMIs, and were not updated for protracted periods despite revisions of the MAS AML/CFT Notice.
    • This guidance paper sets out MAS’ supervisory expectations of sound practices for CMIs. Further context can be found in the illustrative examples taken from MAS’ onsite findings and recommendations to the inspected CMIs.
    • The Monetary Authority of Singapore (MAS) requires financial institutions (FIs), including capital markets intermediaries (CMIs)1, to have adequate anti-money laundering and countering the financing of terrorism (AML/CFT) controls.