The Monetary Authority of Singapore (Control and Resolution of Financial Institutions) Regulations 2013 (G.N. Access regulations, updates and licensing information for the banking, capital markets, insurance and payments sectors. The Singapore Government Securities (SGS) website provides individual investors a general overview of the SGS market. 1 You may read our previous alerts on the features of the version of the Payment Services Bill released for public consultation, and the subsequent updating notes describing the changes after the MAS issued its response to the … Sets out requirements for trust and revocable nomination on relevant life policy or accident and health policy, including the forms to be used for such purpose. The Monetary Authority of Singapore is responsible for financial sanctions. In line with this, the Monetary Authority of Singapore (MAS) has proposed several new crypto regulations. Monetary Authority of Singapore to fully regulate all crypto-related activity Monday 11 January 2021 12:42 CET | News Previ ously, only those service providers that were in possession of the money or cryptocurrency involved were regulated. The final guidelines follow the release of three separate consultation papers in June, … For payment service providers and payment systems, including clearing and settlement systems. Contact Us; S 275/2016. Access regulations, updates and licensing information, Regulations, guidance and licensing for deposit-taking institutions, Regulations, guidance and licensing for capital market entities, Regulations, guidance and licensing for insurers, Regulations, guidance and licensing for payment service providers and systems, Information on MAS’ approach, strategies and efforts in these key areas, MAS’ approach to supervision and the instruments under the Acts it administers, Find out about MAS’ strategies to develop and support the financial sector, Discover what makes Singapore a leading global financial centre, Find out how MAS is co-creating a Smart Financial Centre, Latest information on MAS’ FinTech strategy, initiatives and funding schemes, Get funding on proof-of-concepts, hiring, business development and more, Sandbox relaxes regulatory requirements to enable live experiments of innovation, Various payment initiatives including SGQR, FAST and PayNow, World’s first open architecture platform for FIs to discover FinTechs and deploy solutions, The GTCN is a cross-border DLT project to digitalise trade and trade finance, Industry collaboration that explores blockchain’s usage for Central Bank Digital Currency, World’s largest festival for the FinTech community to connect, collaborate and co-create, Fast track intellectual property protection through various initiatives, A collaborative AI-driven global solutions hub to foster SME digitalisation, Find out about the opportunities and plans that MAS has to grow your business areas, Read about the support that is available for your business operations, Find out how MAS and our partners build a pipeline of financial professionals and leaders, Read about MAS’ monetary policy framework, central bank operations and related information, Get information on SSB, SGS Bonds, T-bills, MAS Bills and MAS FRN, Discover more about the Singapore’s currency, Access the various consultations, monographs, macroeconomic reviews and other publications, View data on Singapore’s financial sector, reserves statistics, exchange rates and others, Get the latest news, speeches, updates and announcements, Find out about working in MAS and the various opportunities that are available. The Monetary Authority of Singapore (MAS) announced today the appointment of Mr Leong Sing Chiong as Deputy Managing Director (Markets & Development). Get notified whenever news and updates are posted on this website. View the regulations and licensing requirements for your sector. MAS (Monetary Authority of Singapore) has issued its final guidelines on environmental risk management for banks, asset managers and insurers. MAS regulates financial institutions in the banking, capital markets, insurance and payments sectors. To help companies comply with the MAS and SGX archiving regulations , the MAS released the Singapore Guide to Conduct & Market Practices for the Wholesale Financial Markets. MAS is the integrated regulator and supervisor of financial institutions in Singapore. For insurance companies and insurance brokers, including licensed insurers, authorised reinsurers and registered insurance brokers. 22-09-2013:-The Monetary Authority of Singapore issues warnings to the general public regarding the risks involved in trading with cryptocurrencies. On 10 April 2019, the Monetary Authority of Singapore issued a consultation paper on the Proposed Payment Services Regulations. Regulation Overview. It administers the various statutes pertaining to money, banking, insurance, securities and the financial sector in general, as well as currency issuance.It was established in 1971 to act as the Singapore Government's banker. ... Monetary Authority: Assets and Liabilities ... Monetary Authority: Assets and Liabilities ... Monetary Authority of Singapore Subscribe to Updates. Find a financial institution, licence or activity in Singapore. ... Monetary Authority: Assets and Liabilities ... Monetary Authority of Singapore Subscribe to Updates. In Singapore, mobile phone recording requirements are being implemented by the Monetary Authority of Singapore (MAS) and the Singapore Exchange (SGX). The success of the digital transformation in the financial sector is underpinned by the safety and soundness of these technologies. Several of the case studies highlight how the Monetary Authority of Singapore (MAS) applies RegTech to flag suspicious activity that could be criminal. The TRM contains statements of industry best practices that financial institutions conducting business in Singapore are … Read more about the measures by the MAS, Association of Banks in Singapore, the Life Insurance Association, the General Insurance Association and the Finance Houses Association of Singapore to help individuals and SMEs affected by the COVID-19 pandemic. In exercise of the powers conferred by section 27A(1)(b) of the Monetary Authority of Singapore Act, the Monetary Authority of Singapore hereby makes the following Regulations: Citation and commencement: 1. With this in mind, the Singapore Government monitors all overseas transfers of more than $1,500. The Monetary Authority of Singapore (Abbreviation: MAS) is the central bank and financial regulatory authority of Singapore. Financial institutions are required to have sufficiently robust controls for anti-money laundering and countering the financing of terrorism. Monetary Authority of Singapore (Control of Financial Institutions) Regulations 2018 In exercise of the powers conferred by section 41 of the Monetary Authority of Singapore Act, the Monetary Authority of Singapore makes the following Regulations: Find out about the regulations, updates and licensing for insurers and insurance brokers in Singapore. Under the United Nations Act (Cap. While in Singapore we also participated in a great evening hosted by our partners Simmons & Simmons on the future of innovation and regulation. S 367/2009), revoked by these Regulations. The appointment takes effect on 1 February 2021. Informs all licensed insurers of the amendments made to the Insurance (Approved Marine, Aviation and Transit Insurers) Regulations and Insurance (Approved Marine, Aviation and Transit Brokers and Approved Reinsurance Brokers) Regulations to give effect to the commitments made under the United Kingdom Singapore Free Trade Agreement. Supervisory Approach and Regulatory Instruments, Lists of Designated Individuals and Entities, Grants for Smaller Financial Institutions, Recent Economic Developments in Singapore, Singapore Overnight Rate Average (SORA) Interest Rate Benchmark, Singapore Government Securities (SGS) Bonds, Investing in Singapore Government Securities (SGS) Bonds, Investing in Singapore Savings Bonds (SSB), Brunei-Singapore Currency Interchangeability Agreement, Reproduction of Singapore Currency Images, Money and Banking Monthly Statistical Bulletin, Financial Sector Development Fund Annual Report, Monetary Authority: Assets and Liabilities, International Reserves/Foreign Currency Liquidity, Interest Rates of Banks and Finance Companies, View a list of Application Programming Interfaces (APIs), Opportunities for Mid-Career Professionals. Institutions to achieve cyber resilience ) regulations 2016, licence or activity in Singapore Freezing of of... 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