Singapore

UK Activist Investor Calls OCBC-Great Eastern Deal “Gravely Unfair”

By Nithya Subramanian | 17/01/2025

Palliser Capital reportedly wrote to MAS and SGX asking them to intervene in the takeover of Great Eastern by OCBC.

ESG / Sustainability

Abaxx Launches Singapore’s First Nickel Sulphate Futures Contract

By Nithya Subramanian | 16/01/2025

The contract addresses a growing need for effective price discovery and risk management in the nickel market, particularly for the EV battery sector, Abaxx said.

Singapore Passes Bill to Simplify Insolvency Process for Companies

By Nithya Subramanian | 16/01/2025

SIP 2.0 simplifies documentation and reduces time and costs, while also providing better creditor protection.

Securities / Derivatives

IMAS Launches New Model Framework for Discretionary Mandates

By Nithya Subramanian | 16/01/2025

The Model Discretionary Investment Management Agreement aims to help improve operational efficiency and promote best practices.

Fintech / Regtech

What Makes Asia a Hub for Innovative Regulation?  

By Manoj Singh | 14/01/2025

The RBI’s Manoj Singh says Asia is a natural hub for innovative regulation, with Singapore increasingly being recognised for its leadership in fintech

AML / KYC

MAS Issues New AML/CFT Notice for Market Operators

By Nithya Subramanian | 14/01/2025

The notice targets risks that arise from non-FI direct participants, which are not subject to the same AML/CFT requirements applicable to FI direct participants

Enforcement

MAS Imposes Civil Penalty Action in False Trading Case

By Nithya Subramanian | 14/01/2025

Gui Boon Sui was fined S$350,000 and barred from being involved in the management of a company for two years

AML / KYC

Singapore Reviewing Incident Involving Exposed NRIC Numbers

By Editors | 09/01/2025

500,000 queries were made over the five days when NRIC numbers were exposed. It is not known how many NRIC numbers were disclosed, or whether computer bots were used.

Singapore, Malaysia to Special Economic Zone in Malaysia’s Johor State

By Editors | 09/01/2025

Singapore and Malaysia aim to attract investments in 11 sectors, including the digital economy, the green economy, and financial services.