... Monetary Authority: Assets and Liabilities ... Monetary Authority of Singapore Subscribe to Updates. Disclaimer: (1) These rates are the average of buying and selling interbank rates quoted around midday in Singapore. For payment service providers and payment systems, including clearing and settlement systems. The Securities Industry Council administers and enforces the Take-over Code and has powers under the law to investigate any dealing in securities that … Financial institutions are required to have sufficiently robust controls for anti-money laundering and countering the financing of terrorism. Get notified whenever news and updates are posted on this website. In Singapore, mobile phone recording requirements are being implemented by the Monetary Authority of Singapore (MAS) and the Singapore Exchange (SGX). Get notified whenever news and updates are posted on this website. S 367/2009), revoked by these Regulations. Find out MAS’ strategies and guidance for financial institutions to achieve cyber resilience. 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: 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. Under the United Nations Act (Cap. Singapore Asia’s crypto and blockchain hub has provided them with a very friendly environment to operate. Sets out general provisions applicable for insurers such as annual fees, compoundable offences, and free look for life policies, and accident and health policies. How are organizations using RegTech? On 10 April 2019, the Monetary Authority of Singapore (MAS) issued a consultation paper on the Proposed Payment Services Regulations (Consultation Paper). Regulations, guidance and licensing for payment service providers and systems. S 275/2016. With this in mind, the Singapore Government monitors all overseas transfers of more than $1,500. View the regulations and licensing requirements for your sector. Requirements for supervision of market participants by Recognised Market Operators. The Monetary Authority of Singapore (MAS) Proposes New Crypto Regulations Cryptocurrency usage in Singapore is on the rise. Monetary Authority of Singapore (Sanctions and Freezing of Assets of Persons — Democratic People’s Republic of Korea) Regulations 2016. The Monetary Authority of Singapore (Abbreviation: MAS) is the central bank and financial regulatory authority of Singapore. MAS regulates financial institutions in the banking, capital markets, insurance and payments sectors. 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. ... Monetary Authority: Assets and Liabilities ... Monetary Authority of Singapore Subscribe to Updates. Regulation Overview. 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. RAVI MENON A Dive Into The Regulatory Measures Several of the case studies highlight how the Monetary Authority of Singapore (MAS) applies RegTech to flag suspicious activity that could be criminal. The appointment takes effect on 1 February 2021. In line with this, the Monetary Authority of Singapore (MAS) has proposed several new crypto regulations. 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. 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