Showing 590 Documents for "CMS"
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- MAS
- Consultations
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- Unsolicited transactions by person holding capital markets services licence and representatives 12.3.17 A person holding a capital markets services licence to deal in securities or trade in futures contracts, or a representative of such a person does not contravene section 12.3.6(2) or section
- MAS
- Speeches
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- Introduction of New Fee Structure 15 The second initiative that I would like to mention today is the new fee structure for intermediaries under the SFA. 16 Under the SFA, a single Capital Markets Services licence will be issued to intermediaries for the various regulated activities they engage in
- MAS
- Speeches
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- With an increasing overlap and keen competition of services offered by insurers, banks and capital market service providers, the industry needs to keep pace by continually raising the level of professionalism, capabilities and international exposure of their workforce. 18 The Institute of Banking and
- MAS
- Consultations
Last revised date:
- five years under the normal CMS As a future consideration, as part of the governance framework to be developed for directors of an S-VACC, it may be worthwhile to put in place a certification requirement as is the case for licensed representatives of CMS licence holders to
- the that it would be expected On the current basis where at least one of the directors of the Permissible Fund Manager is required to be a director in the S- same then VACC, qualification/experience requirements currently applicable under the Capital Markets Services (CMS) licence requirements
- The MAS should consider allowing approved holders of capital markets services licence for custodial services to be Approved Custodians rather than limiting the class of Approved Custodians to existing Approved Trustees1.
- MAS
- Guidance
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- MAS conducted a thematic review on banks’ operational controls in their Payments and Electronic Funds Transfer operations. This guidance sets out the key findings and recommends how banks should implement effective controls to address the operational risks. Banks should incorporate learning points from the guidance in a risk-based and proportionate manner, giving proper regard to the profile of their business activities. Banks should remain vigilant to the evolving nature and impact of payment
- MAS
- Circulars
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- This circular explains the revisions made to the Acts administered by MAS in the 2020 Revised Edition of the Act, and clarifies how to read the references to the Acts in MAS-issued instruments and documents. Circular No. LD 01/2022 11 January 2022 Dear Sir / Madam To Chief Executive Officers of All Financial Institutions PUBLICATION OF 2020 REVISED EDITIONS OF ACTS - CITATION IN INSTRUMENTS, DOCUMENTS AND OTHER COMMUNICATIONS ISSUED BY THE MONETARY AUTHORITY OF SINGAPORE (MAS)
- MAS
- Circulars
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- This circular reminds all financial institutions (FIs) to stay vigilant to the ML/TF risks in wealth management sector, and sets out MAS’ expectations for FIs to review its existing controls to ensure that they remain adequate to mitigate the ML/TF risks from high growth areas. In conducting its review, FIs should take into account the additional information provided in this circular as well as previous MAS guidance that was issued to the industry. Monetary Authority of Singapore 10 Shenton Way
- MAS
- Guidance
Last revised date:
- Sets out MAS’ supervisory expectations of sound practices where AML/CFT control functions are outsourced. The paper is based on inspections of capital markets intermediaries, but the takeaways are applicable to other financial institutions, with the appropriate calibrations. MAS conducted a series of thematic inspections of capital markets intermediaries (“CMIs”) to assess the adequacy of their oversight of AML/CFT service providers (“ASPs”), and their understanding of the key control functions outsourced
- MAS
- Guidance
Last revised date:
- Sets out MAS’ supervisory expectations of effective AML/CFT controls in the private banking industry. The paper follows from a series of thematic inspections on private banks (“PBs”), and supplements the MAS’ Guidance on Private Banking Controls issued in 2014. MAS conducted a series of thematic inspections of PBs targeted at assessing the effectiveness of their AML/CFT risk management and controls. This guidance paper sets out MAS’ supervisory expectations of effective AML/CFT controls in the private
- MAS
- FAQs
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- Provides guidance to financial institutions on the submission of representative notifications using the bulk filing function of the CoRe system Corporations and Representatives System (CoRe) - Bulk Filing CONFIDENTIAL CONFIDENTIAL -------- 1. Overview of Bulk Filing CONFIDENTIAL CONFIDENTIAL -------- 1.1 Overview of Bulk Filing Bulk filing is a function in CoRe to facilitate FIs in filing up to 500 representative notifications in a single filing. The existing configurations for individual