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1 SECURITIES AND FUTURES ACT (Cap. 289) SECURITIES AND FUTURES (LICENSING AND CONDUCT OF BUSINESS) REGULATIONS (Kg 10) FORM 28 DECLARATION LODGED PURSUANT TO REGULATION 14(4) BY A PERSON EXEMPTED
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What is mas form 28?
MAS Form 28 is a document used by financial institutions in Singapore to report their monthly financial information to the Monetary Authority of Singapore (MAS). It provides information on the institution's assets, liabilities, and capital adequacy ratios.
Who is required to file mas form 28?
All financial institutions licensed by MAS, including banks, insurers, and securities dealers, are required to file MAS Form 28.
How to fill out mas form 28?
MAS Form 28 can be filled out electronically using the MASNET system, which is an online platform provided by MAS. Financial institutions need to input their financial data accurately and submit the form by the specified deadline.
What is the purpose of mas form 28?
The purpose of MAS Form 28 is to enable MAS to monitor the financial health and risk profile of financial institutions in Singapore. This information is used for regulatory and supervisory purposes.
What information must be reported on mas form 28?
MAS Form 28 requires financial institutions to report various financial data, including their total assets, total liabilities, capital adequacy ratios, and other relevant financial information specified by MAS.
When is the deadline to file mas form 28 in 2023?
The deadline to file MAS Form 28 in 2023 will be determined by MAS and communicated to financial institutions in due course. It is recommended to refer to MAS guidelines or consult with MAS directly for the exact deadline.
What is the penalty for the late filing of mas form 28?
The penalty for the late filing of MAS Form 28 is determined by MAS and may vary depending on the circumstances. Financial institutions are advised to comply with the filing deadline to avoid any potential penalties or regulatory actions.
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