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additionally avoiding undue restrictions on the offshore activities of banks. Following public consultations MAS initiated a 3-month implementation timeline from February 7 for the removal of the DBU-ACU divide which align revisions made to MAS 6 . The Monetary Authority of Singapore regulates all banking activities as provided for beneath the Banking Act. Singapore maintains legal distinctions between international and native banks and the type of license i.e. full service wholesale and offshore banks held by overseas business banks. As of May international full-service licensees and wholesale banks operated in Singapore. An extra 4 merchant banks are licensed to conduct company finance funding banking and different fee-based mostly actions. Offshore and wholesale banks aren’t allowed to operate Singapore dollar retail banking activities. Only Full Banks and “Qualifying Full Banks” can operate Singapore dollar retail banking activities however are topic to restrictions on the number of locations of business ATMs and ATM networks. Additional QFB licenses may be granted to a subset of full banks which give larger branching privileges and larger access to the retail market than other full banks. As of May there are banks operating QFB licenses. Streaming services have entered the market which MPAA has discovered results in a major reduction in intellectual property infringements. StarHub and Singtel have both partnered with multiple content suppliers including U.S. corporations to provide streaming content in Singapore and across the area. To rectify the high degree of content fragmentation within the Singapore pay-TV market and shift the main target of competition from an exclusivity-centric technique to other elements corresponding to service differentiation and aggressive packaging the MDA applied cross-carriage measures in requiring pay-TV companies designated by MDA to be Receiving Qualified Licensees – currently Singtel and StarHub – to cross-carry content subject to exclusive carriage provisions. Correspondingly Supplying Qualified Licensees with an exclusive contract for a channel are required to hold that content on different RQL pay-TV corporations. In February the IMDA proposed to proceed the present cross-carriage measures. The Motion Picture Association of America has expressed concern that this measure restricts copyright exclusivity. Content providers think about the measures an unnecessary interference in a aggressive market that denies content material

ancient egyptian culture all over printed rug 41
ancient egyptian culture all over printed rug 41

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