Singapore

Enforcement

MAS Publishes Monograph Detailing Enforcement Approach

By Manesh Samtani | 25/09/2018

Monograph outlines how MAS manages enforcement work in three areas: detection, investigations and in taking enforcement action.

Securities / Derivatives

SGX Proposes New “Trade at Close” Session for Securities Market

By Editors | 24/09/2018

New five-minute trading session will allow participants to execute fixed-price orders at the closing auction price; consultation open until 11 October.

Market Infrastructure

SGX Shareholders Voice Concerns Over Regulatory Powers

By Manesh Samtani | 21/09/2018

Despite robust profits and extensive expansion plans announced at its AGM, SGX was criticised for not doing enough to protect minority shareholders.

Fintech / Regtech

Singapore, China Achieve ‘New Milestones in Financial Cooperation’

By Editors | 21/09/2018

Collaboration to focus on strengthening supervision, enhancing connectivity, cooperating on fintech and supporting the Belt and Road initiative.

Market Infrastructure

MAS Simplifies Mobile Payments with Unified Payment QR Code

By Manesh Samtani | 18/09/2018

The SGQR combines multiple payment QR codes into a single SGQR label, to be rolled out across Singapore over the next six months.

Fintech / Regtech

MAS, CFTC Sign Fintech Cooperation Arrangement

By Editors | 17/09/2018

Cooperation arrangement focuses on information sharing and facilitating referrals of fintech firms between Singapore and the US.

Market Infrastructure

MAS Finalises New Corporate Structure for Funds

By Manesh Samtani | 11/09/2018

The VCC – formerly S-VACC – will position Singapore to become a key fund domicile for fund managers and create opportunities for fund services providers.

Market Infrastructure

MAS Consults on Mandatory Cybersecurity Requirements for FIs

By Manesh Samtani | 07/09/2018

Proposed measures aim to enhance system and network security and protect against unauthorised use of system accounts with extensive access privileges.

Enforcement

MAS Bars Former UOB Officer for 12 Years

By Editors | 31/08/2018

The ex-UOB employee, without a capital markets services licence, had setup a company to invest on behalf of other investors, and later misappropriated SG$520,000 entrusted to him by clients.