Showing 3434 Documents for "securities"
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- MAS
- Media Releases
Last revised date:
- MAS-SFA-AMTD FinTech Solidarity Grant $ 6,000,000 MAS, SFA and AMTD have established a $6 million MAS-SFA-AMTD FinTech Solidarity Grant to support Singapore-based FinTech companies amid the challenging business climate caused by the COVID-19 pandemic.
- SFA is the grant administrator and will review and assess the applications.
- SFA will administer and review the grant applications. 6. Mr Chia Hock Lai, President, SFA said, “FinTech firms are in a great position to seize opportunities presented by the accelerated trend towards digital financing induced by the COVID-19 pandemic.
- MAS
- Media Releases
Last revised date:
- Singapore, 25 January 2016… The Monetary Authority of Singapore (MAS) has taken civil penalty action under the Securities and Futures Act (SFA) against Mr Wong Teck Kui for insider trading in the shares of Time Watch Investments Limited (TWI).
- market services licence under section 99(1) of the SFA in Singapore, for a period of two (2) years with effect from 29 January 2016. 5 This matter was referred to MAS by Singapore Exchange Securities Trading Limited.
- for, purchase, or sell, or enter into an agreement to subscribe for, purchase or sell those securities of that corporation
- MAS
- Speeches
Last revised date:
- Short-selling disclosures for listed securities 38 Next, we will strengthen disclosure requirements for short selling of listed securities. Short-selling is the practice of selling securities that one does not own.
- of short-sell orders and short positions in securities listed on an approved exchange in Singapore.
- Strengthening MAS’ powers to take enforcement actions 41 Section 199 of the SFA currently prohibits disclosures of statements that are false or misleading in a material aspect and are likely to have an effect on the market price of the securities 1 .
- PDPC
- Commission's Decisions
Last revised date:
- is specific to the administrative staff’s role in handling personal data may in certain circumstances be a security measure, it does not detract from the necessity and relevance for operational safeguards in the form of the security measures introduced following the Prior Incident.
- The Organisation encountered a similar incident due to the lack of security arrangements surrounding its enveloping process but failed to take any heed from the prior incident 18 The Organisation’s failure to implement any reasonable security arrangements in respect of the enveloping process
- The Department made an assessment of the risks and decided not to implement the security measures introduced following the Prior Incident.
- PDPC
- Commission's Decisions
Last revised date:
- Without a firewall, the Server and corporate network was vulnerable to web-based security threats;10 [2020] SGPDPC 20 (b) EPPL did not conduct periodic security reviews of its IT systems, including vulnerability scans of the Server, to assess the overall security of
- If EPPL had conducted a security review of its IT system to a reasonable standard, it would have discovered the absence of a firewall for the Server; and (c) EPPL was unable to provide any written IT security policies (e.g.
- The requirement for organisations to conduct periodic security reviews of its IT systems has been emphasized in previous decisions. 11 Conducting regular information and communication technology (ICT) security audits, scans and tests to detect vulnerabilities help organisations
- PDPC
- Commission's Decisions
Last revised date:
- In this case, IES acknowledged that it had not undertaken any sort of audit to detect security vulnerabilities on the Site.
- Furthermore, the contractual terms between IES and its vendors, as submitted by IES, did not appear to contain any specific security arrangements or requirements for its vendors to put in place security measures to safeguard IES members personal data stored in the Site.
- measures: (i) instructed Forecepts to conduct a security audit of the Site and to patch up any vulnerabilities detected pursuant to such audit, and to conduct a monthly audit on the Site upon completion of the security hardening process; installation of a new intrusion
- PDPC
- Public Consultations
Last revised date:
- A great an example is the G50 security clearance for Singapore government IT projects. NRIC should not be emailed. Email is not secure by design. The transmission of email is secured by using TLS, but that is just the channel. Email is plain text for the P2 (Body) of the email.
- So, pretending that the NRIC can be secured and reasonably used as a proof of identity is a sure way to facilitate "identity theft". In the US, citizens are issued Social Security Numbers (SSN).
- Companies should avoid using email to transmit this information, but instead offer other secure solutions to transfer these files such as One Drive for Business or a secure portal site to upload the files.
- MAS
- FAQs
Last revised date:
- Is an SFO required to be licensed under the SFA and/or the FAA? The term single family office is not defined under the SFA.
- The funds cannot invest in listed securities or initial public offerings. However, this does not preclude a VCFMs funds from holding listed securities in portfolio companies, provided that the fund had acquired these securities prior to their listing.
Q&A covered- Are the Outsourcing Guidelines applicable to intra-group outsourcing for fund management companies?
- How should a fund management company assess the suitability of its service provider’s employees, or its sub-contractors?
- Are fund management companies required to submit their outsourcing registers to MAS on a yearly basis?
- Are the LFMC’s central dealers subject to the representative notification regime?
- Can a fund management company engage the same auditor for both internal and external audit services?
- Does a fund management company need to add the activity of "dealing in capital markets products" to its CMS licence, if it uses forward contracts for FX hedging?
- Can I submit a CMS licence application for fund management while my RFMC registration is being processed by MAS?
- When is my fund not considered to be "dealing in capital markets products" and exempted from adding it to my licence?
- What types of fees and expenses should be excluded from committed capital, for determining the limit on non-qualifying investments for VCFMs?
- My company plans to manage a fund that will invest into immovable assets. Do we need a CMS licence in fund management?
- Does a fund management company have to include managed assets invested in real estate assets for the purposes of licensing and reporting?
- Can a fund manager that manages both VC and PE funds operate under the VC Manager Regime?
- Is a fund management company allowed to conduct specified products borrowing and lending in respect of its clients’ portfolios?
- What kind of relevant work experience do Directors, Relevant Professionals and CEO of a FMC need?
- What does MAS assess in a fund management companies licence / registration application?
- How can an existing fund management company (FMC) transition into the VC Manager Regime?
- What differentiates an Executive Director from a Non Executive Director of a fund management company?
- Requirements before A/I LFMCs can start managing funds offered by retail investors
- My company is an A/I LFMC. Are there situations where we can manage/provide advice to funds offered to retail investors if our licence restricts us from doing so?
- When does a fund management company not need to subject its managed assets to independent custody?
- Information required to assess Single Family Office (SFO) licensing exemption in Singapore
- What procedures to take if my LFMC wants to cease business?
- Is a fund management company allowed to manage customer’s assets and monies held at accounts opened with foreign brokers that are not regulated in Singapore?
- Is an LFMC allowed to conduct central dealing activity for funds managed by its related entities?
- What licensing exemptions can Single Family Offices (SFOs) rely on?
- Can my company commence business as soon as it submits its registration as an RFMC to the MAS?
- What is considered to be adequate internal audit arrangements for a RFMC?
- MAS
- Media Releases
Last revised date:
- Security Officers from key financial institutions.
- Ms Valerie Abend Managing Director, Financial Services North America Security & Global Cyber Regulatory Lead, Accenture Security 2. Mr Keith Alexander Founder and Chief Executive Officer, IronNet Cybersecurity Inc. 3.
- CSAP members agreed that having strong basic cyber hygiene practices was fundamental in securing cyber resilience.
- MAS
- Enforcement Actions
Last revised date:
- , Mr Lim Ming Chit, a former remisier with Phillip Securities Pte Ltd (PSPL), pleaded guilty to and was convicted of 10 charges under section 197(1)(a) of the Securities and Futures Act (SFA). 12 remaining charges under the same section were taken into consideration for the purpose of sentencing.
- The Scheme involved them conducting coordinated trades in targeted share counters in larger volumes and at higher prices, to create an artificial impression of market interest in the securities they owned, thereby inducing other market participants to trade in the securities and driving up the share
- prices. 5 From 9 March 2015 to 10 June 2015, the Scheme was carried out between Mr Alan Lee, Mr Chew, Mr Lee Wei Kai and Mr Lim Ming Chit in respect of 17 securities on 17 separate occasions.