Showing 590 Documents for "CMS"
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- MAS
- Forms and Templates
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Form 3D - Notification of the Completion of Examination Requirements by a Provisional Representative- MASNET is a closed communication network system operated by the Authority which a capital markets services licensee, a financial institution exempt from holding CMS Licence under section 99(1)(a), (b), (c) or (d) of the SFA, a licensed financial adviser or an exempt financial adviser under section 23
- Form for licensed financial advisers, capital markets services licensees, banks, merchant banks, finance companies and insurers to notify MAS of the completion of the examination requirements by a provisional representative.
- The provisional representative has completed all examination requirements relevant to the regulated activities conducted by him as set out in this notification, as specified in the Notice on Minimum Entry and Examination Requirements for Representatives of Holders of Capital
- MAS
- Exemptions
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- Markets Services (CMS) licence to carry on a business in dealing in securities in respect of the transmission of customers orders in -------- writing to another person for the purchase or sale of units in an Exchange- Traded Fund (ETF)
- Section 99(1)(h) of the SFA, read with section 337(2) of the SFA MAS granted exemptions to 21 Financial Advisers (FAs) from the requirement to hold a CMS licence for dealing in securities in respect of their transmission of customers orders to another person for the purchase or
- conditions of the exemptions, the FAs are required to comply with the business conduct requirements under the Securities and Futures (Licensing and Conduct of Business) Regulations that are applicable to dealing in CIS. 1 Exemption from the requirement to hold a Capital
- MAS
- FAQs
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- (CMS) licence to engage in such activity.
- MAS
- Enforcement Actions
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- . 2 Mr Lee is prohibited from performing any regulated activity and from taking part in the management, acting as a director, or becoming a substantial shareholder of any capital markets services licensee under the Securities and Futures Act (SFA).
- Singapore, 6 October 2021… The Monetary Authority of Singapore (MAS) has issued 4-year prohibition orders (PO) against Mr Lee Chengyi, Adrian, a former representative of Aviva Financial Advisers Pte Ltd, following his conviction for carrying on fund management without a capital markets services licence
- On 17 March 2020, Mr Lee was convicted under section 82 of the SFA of carrying on fund management, which is a regulated activity under the SFA, without a capital markets services licence. He was sentenced and fined $15,000. 4 The POs were issued against him in view of his conviction.
- MAS
- Media Releases
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- MAS invites interested parties to submit their comments on the proposals here by 15 February 2022. [1] CF advisers refer to holders of a capital markets services (CMS) licence and banks, merchant banks and finance companies exempt from holding a CMS licence to undertake the regulated activity of advising
- MAS
- Enforcement Actions
Last revised date:
- In addition to the failure to institute processes to prevent a recurrence, Mr Tan had reviewed and signed off on ACPAM’s application to MAS for a CMS licence, which contained various omissions.
- reprimanded Mr Tan Choon Wee, the Chief Executive Officer (CEO) and a director of a registered fund management company, Advance Capital Partners Asset Management Private Limited (ACPAM), under section 334 of the Securities and Futures Act (SFA), for the following misconduct: (a) omitting information in a capital
- markets services (CMS) licence application to MAS, which made the application misleading in a material respect; and/or (b) failing to discharge his duty and function as CEO and director. 2 In July 2018, MAS had reprimanded ACPAM MAS has the powers under the SFA to reprimand a financial institution
- MAS
- Media Releases
Last revised date:
- Singapore, 23 February 2023… The Monetary Authority of Singapore (MAS) today issued a Notice imposing mandatory baseline standards of due diligence and conduct requirements for corporate finance (CF) advisers CF advisers refer to holders of a capital markets services (CMS) licence and banks, merchant
- banks and finance companies exempt from holding a CMS licence to undertake the regulated activity of advising on corporate finance. .
- MAS
- Forms and Templates
Last revised date:
- Form for capital markets services (CMS) licensees, banks, merchant banks, finance companies and insurers to notify MAS of the appointment of temporary representatives who reside outside Singapore but plan to conduct activities in Singapore for a limited period of time.
- MASNET is a closed communication network system operated by the Authority which a capital markets services licensee or a financial institution exempt from holding CMS Licence under section 99(1)(a), (b), (c) or (d) of the SFA needs to subscribe to for the purpose of lodging the form.
- MAS
- Exemptions
Last revised date:
- Exemption from the requirement to hold a Capital Markets Services (CMS) 1 Section 99(1)(h) of the SFA, read 19 Sep 2016 MAS granted an exemption to a Financial Adviser (FA) from the requirement to hold a CMS licence for dealing in securities in respect of their transmission
- MAS
- Exemptions
Last revised date:
- Markets Services (CMS) licence fund management for 5 October, 8 October, 30 October, 11 November, 15 November, 17 December, 28 December MAS granted exemptions to 26 single family offices (SFOs) that provided fund management services to their respective sponsors.
- period from 1 October 2020 to 31 December 2020 S/N Exemption granted Exemption provision No. of exemptions provided Date of exemption granted Description 26 Section 99(1)(h) of the SFA, read section with 337(2) of the SFA 1 Exemption from requirement to hold a Capital
- only carry out the regulated activity of fund management for members or entities wholly owned or controlled by the respective families or shareholders, and do not manage any monies belonging to non-related parties. 1 -------- for in Exemption from requirement to hold a CMS