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The Monetary Authority of Singapore or (MAS), is the central bank and financial regulatory authority of Singapore. It administers the various statutes pertaining to money, banking, insurance, securities and the financial sector in general, as well as currency issuance and manages the foreign-exchange reserves .
Asian Infrastructure Investment Bank Act 2015; Bankruptcy (Amendment) Act 2015; Bus Services Industry Act 2015; Civil Aviation Authority of Singapore (Amendment) Act 2015; Community Disputes Resolution Act 2015; Constitution of the Republic of Singapore (Amendment) Act 2015; Deep Seabed Mining Act 2015; Employment (Amendment) Act 2015
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The Payment Services Act 2019 (PS Act) is a statute of the Parliament of Singapore that provides a framework for the regulation of payment systems and payment service providers in Singapore. [1] According to the Monetary Authority of Singapore (MAS) the PS Act provides for regulatory certainty and consumer safeguards, while encouraging ...
The Penal Code [38] states the elements and penalties of common criminal offences such as homicide, theft and cheating, and also sets out general principles of criminal law in Singapore. The Sale of Goods Act, [39] an English Act made applicable to Singapore by the Application of English Law Act, sets out legal rules relating to the sale and ...
Commercial banks in Singapore may undertake universal banking, such as the taking of deposits and the provision of cheque services and lending, as well any other business authorised by the Monetary Authority of Singapore, including financial advisory services, insurance brokering and capital market services, as long as they are permitted under section 30 of the Banking Act.