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.

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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)

26 Sep 2014

MAS Reprimands Aon Singapore Pte Ltd for Licensing Breach under the Insurance Act [“IA”]

Insurance Act, Section 35W

27 Jun 2014

MAS Imposes Composition Amount of $4,250 on NBI hf. for Contravention of Section 137 of the Securities and Futures Act [“SFA”]

Securities and Futures Act, Section 137

20 Jun 2014

MAS Reprimands Ms Loh Yun Ling, Alison for Contravention of Section 99B(1) of the Securities and Futures Act (Cap.289) ["SFA"]

Securities and Futures Act, Section 99B(1)

20 Jun 2014

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

Securities and Futures Act, Section 99B(1)

Last Modified on 26/11/2016