Showing 3434 Documents for "securities"
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- MAS
- Speeches
Last revised date:
- Under the SFA, the regulator is not concerned with the merits of the particular product or service.
- and Futures Act, or the SFA, marks another milestone in the fundamental shift away from this 'gatekeeper' role in Singapore.
- The SFA consolidates two pieces of legislation while the FAA brings together previous regulatory regimes for investment advice which spanned three different Acts: the Securities Industry Act, Futures Trading Act and Insurance Intermediaries Act. 22 The harmonised legislative and regulatory framework
- MAS
- Consultations
Last revised date:
- Security principles in identity verification 2.
- as defined in regulation 2 of the Securities and Futures (Licensing and Conduct of Business) Regulations; any person who is approved under section 289 of the Securities and Futures Act (Cap.289) to as act as a trustee for a collective investment scheme, which is authorised under
- As such, MAS is issuing a circular to FIs, which articulates the security principles and best practices that should be adopted in FIs identity verification processes. Response to Feedback Received on Consultation Paper on Notice on Identity Verification -------- 05 April 2023 | 4 2.
- MAS
- Consultations
Last revised date:
- are issued by MAS pursuant to section 321 of the Securities and Futures Act (Cap. 289) (SFA) and apply to a specified person and a specified derivatives contract, as defined under section 124 of the SFA.
- derivatives contracts, as defined under section 124 of the SFA.
- On 5 July 2021, MAS issued a consultation paper (Consultation Paper) on MAS proposed approach in relation to the reporting of the Unique Transaction Identifier (UTI) and the proposed revised reportable data fields under the Securities and Futures Act (SFA) and Securities and
- MAS
- Media Releases
Last revised date:
- Concurrently, the MAS has issued an equivalent Notice, MAS Notice 1201, for securities intermediaries in Singapore. Foreign securities intermediaries in Singapore will henceforth be deemed as "residents", and can freely obtain S$ funding to finance their capital market activities.
- Previously, foreign securities intermediaries had been considered non-residents, and therefore had limited access to S$ funding.
- MAS said that the new measures will pave the way for more international investors and securities intermediaries to contribute significantly to the growth of Singapore's financial markets.
- MAS
- Enforcement Actions
Last revised date:
- the public officer investigating the case. 3 Mr Wong pleaded guilty to seven charges under section 197(1)(b) of the SFA and the charge under section 201(b) of the SFA.
- ) to the MAS. 2 Mr Wong was charged with the following offences: • 17 charges under section 197(1)(b) of the Securities and Futures Act (SFA) for creating misleading appearances with respect to the price of Gaylin shares on 17 occasions from 11 November 2015 to 25 October 2016; • a charge under section
- He was convicted on 11 February 2021 and his conviction was the result of a joint investigation conducted by the Monetary Authority of Singapore (MAS) and the Commercial Affairs Department of the Singapore Police Force, following a referral by the Singapore Exchange Securities Trading Limited (SGX-ST
- MAS
- Media Releases
Last revised date:
- The proposals seek to support innovation in financial services by recognising the unique characteristics of digital platforms. 2 Financial institutions currently regulated under the Securities and Futures Act (SFA) and the Financial Advisers Act (FAA) can already provide digital advisory services
- Services are provided online with limited or no human interaction with clients. 2 Digital advisers may operate with a fund management licence or a licence for dealing in securities under the SFA, or a financial adviser’s licence under the FAA, depending on their business models and the specific activities
- To make it easier for entities offering digital advisory services to operate in Singapore, MAS intends to refine the licensing and business conduct requirements. 4 First, digital advisers that operate as fund managers under the SFA will be allowed to offer their services to retail investors even
- MAS
- Notices
Last revised date:
- For the purposes of paragraph 21 of MAS Notice 1106, paragraphs 22 to 31 of MAS Notice 1106 do not apply to any credit facility that is for the purchase of, or is otherwise secured by Residential Property and any Re-financing Facility (referred to in this paragraph as the relevant facility
- assessment of the Disease Outbreak Response System Condition to Green in respect of COVID-19 (hereinafter referred to in this Notice as the End Date) (both dates inclusive), paragraph 3 of MAS Notice 1106 does not apply to any credit facility that is for the purchase of, or is otherwise secured
- For the purposes of paragraph 20A of MAS Notice 1106, paragraphs 21 to 24AB of MAS Notice 1106 do not apply to any existing credit facility that is for the purchase of, or is otherwise secured by Residential Property and any existing Re-financing Facility (referred to in this paragraph as
- MAS
- Speeches
Last revised date:
- Finally, we would like to further clarify that securities dealers licensed under the Securities Industry (SI) Act are allowed to engage in financial activities/transactions that are not incidental to their securities dealing business and where the underlying instruments are not securities.
- This will enable an efficient and level playing field for swap transactions between banks and non-banks such as the securities houses, insurance companies and other corporates.
- However, for activities that require licences under our current regulations, securities dealers would have to apply for the required licence(s) in addition to the dealer's license that they hold, unless otherwise exempted.
- PDPC
- Commission's Decisions
Last revised date:
- Making informational policies and practices explicit provides clarity about expectations to facilitate consistency, and helps to avoid gaps in security coverage. It also sends key signals to employees about the importance placed on information security.
- Overall, it is clear that the Organisation did not make reasonable security arrangements for the protection of personal data: a.
- The Commission agrees with the observation made by the Australian Information Commissioner and Privacy Commissioner of Canada in the joint investigation into Ashley Madison: “Having documented security policies and procedures is a basic organizational security safeguard, particularly
- PDPC
- Commission's Decisions
Last revised date:
- [Emphasis added.] 21 In the premises, I find that the Organisation failed to make reasonable security arrangements to protect the personal data in its possession and control, as the Organisation: (a) did not put in place basic administrative security arrangements such as setting out its
- The organisation did not make reasonable security arrangements to prevent unauthorised disclosure of its volunteers’ personal data, failed to put in place data protection policies, and omitted to communicate data protection policies and practices to its staff. Click here to find out more.
- use, disclosure, copying, modification, disposal or similar risks. 18 In this case, the Organisations informal practices and verbal reminders on a need basis were an insufficient security arrangement for the purposes of compliance with section 24 of the PDPA.