Enforcement Actions

Information on formal regulatory and enforcement actions taken by MAS for breaches of the Securities and Futures Act (Cap. 289), the Financial Advisers Act (Cap. 110) and the Insurance Act (Cap. 142) is published on this page. The information will remain on this page for a period of five years from the date of publication except for prohibition orders which are still in force after the expiry of the five year period. Information on such prohibition orders will remain on this page until they cease to be in force.

Search in Enforcement Actions

Search Clear Search


 
 
08 Apr 2015

MAS Reprimands CMC Markets Singapore Pte Ltd for Contravention of Regulation 24A of the Securities and Futures (Financial and Margin Requirements for Holders of Capital Markets Services Licences) Regulations (Rg.13) [“SF(FMR) Regs”]

Securities and Futures (Financial and Margin Requirements for Holders of Capital Markets Services Licences) Regulations, Regulation 24A

19 Mar 2015

MAS Takes Civil Penalty Action and Issues Prohibition Order against Tan Hua Ann for False Trading

Section 197(1)(b) of the Securities and Futures Act (SFA)

12 Feb 2015

Former China Sky CEO Huang Zhong Xuan pays civil penalty of $2.5 million and offers to surrender 10% of his shareholdings in China Sky

Securities and Futures Act, Section 199 and Section 203

09 Feb 2015

MAS Reprimands Sea And Land Insurance Brokers Pte Ltd for Contraventions of Section 32(1) of the Financial Advisers Act (Cap.110) ["FAA"], Regulation 20(1) of the Financial Advisers Regulations ["FAR"] and Regulation 10 of the Insurance (Intermediaries) Regulations ["IIR"] Read with Section 36(1) of the Insurance Act (Cap. 142) ["IA"]

Financial Advisers Act, Section 32(1), Financial Advisers Regulation, Regulation 20(1) and Insurance (Intermediaries) Act, Regulation 10 read with Section 36(1) of the Insurance Act

14 Jan 2015

MAS Issues Prohibition Orders Against Tay Meng Hui from Carrying on Business as an Insurance Intermediary and Providing any Financial Advisory Service

Insurance Act, Section 35V(1)(a) and Financial Advisers Act, Section 59(1)(d)

24 Dec 2014

MAS Reprimands Mr Ulysses Lau for Contravention of Section 99B(1) of the Securities and Futures Act (Cap. 289) ["SFA"]

Securities and Futures Act, Section 99B(1)

24 Dec 2014

MAS Reprimands JPMorgan Chase Bank, N.A., Singapore Branch for Contraventions of Section 23B(3)(a) of the Financial Advisers Act (Cap. 110) ["FAA"] and Section 99B(3)(a) of the Securities and Futures Act (Cap. 289) ["SFA"]

Financial Advisers Act, Section 23B(3)(a) and Securities and Futures Act, Section 99B(3)(a)

10 Dec 2014

MAS Imposes Composition Amount of $30,000 on Coutts & Co Ltd for Contravention of Section 99B(3)(a) of the Securities and Futures Act (Cap. 289) ["SFA"]

Securities and Futures Act Section 99B(3)(a)

27 Nov 2014

MAS Reprimands The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch for Contravention of Section 23B(3) of the Financial Advisers Act (Cap.110) ["FAA"]

Financial Advisers Act, Section 23B(3)

07 Nov 2014

MAS Reprimands finexis advisory Pte Ltd for Contravention of Section 23B(3) of the Financial Advisers Act (CAP.110) ["FAA"]

Financial Advisers Act, Section 23B(3)

Last Modified on 26/11/2016