MAS issued an advisory to alert financial institutions in Singapore of critical vulnerabilities in the Microsoft Windows Operating System. Financial institutions using the affected systems have to take immediate action to install the relevant patches. MAS will continue to work closely with financial institutions to ensure that IT systems in the financial sector are safeguarded.
The Monetary Authority of Singapore (MAS) has imposed a civil penalty of $200,000 on Mr Lim Soon Fang for not disclosing changes in, and providing false information regarding his shareholding in Asia-Pacific Strategic Investments Limited (ASIL).
MAS and the Accounting and Corporate Regulatory Authority launched the Variable Capital Companies (VCC) framework today. The VCC is a new corporate structure that can be used for a wide range of investment funds and provides fund managers greater operational flexibility and cost savings.
This consultation sets out MAS’ proposed regulations relating to anti-money laundering and countering the financing of terrorism, applicable to variable capital companies incorporated under the Variable Capital Companies Act.
This consultation sets out MAS’ proposed subsidiary legislation relating to the insolvency and winding up of a variable capital company (VCC) and its sub-funds.
This consultation sets out MAS' proposed subsidiary legislation for a new corporate structure that is tailored for collective investment schemes, known as the variable capital company (VCC).
Promoting Economic Growth & Financial Stability
Maintaining a Robust, Resilient & Trusted Financial Centre
Developing an Innovative & Inclusive Financial Centre
MAS releases regular policy statements, publications and statistics on a monthly, quarterly and semi-annual basis.
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