Singapore

Crypto / Digital Assets

UK FCA Issues Further Guidance on Crypto Advertising

By Ranamita Chakraborty | 09/08/2024

An FCA review found both positive examples of good practice and instances where firms failed to meet regulatory standards around financial promotions.

Market Infrastructure

Vietnam, Singapore Agree to Boost Stock Exchange Cooperation

By Nithya Subramanian | 08/08/2024

The Vietnam Stock Exchange and Singapore Exchange will work together to develop products and boost stock and derivatives listings.

MAS Pledges to Ensure Allianz-Income Deal Honours Existing Policies

By Nithya Subramanian | 07/08/2024

MAS will hold Income and Allianz accountable to their commitments to all policyholders and protect their interests, said Chee Hong Tat.

Securities / Derivatives

SGX Launches SORA, TONA Futures to Enable More Effective Hedging

By Ranamita Chakraborty | 07/08/2024

SGX says the new futures contracts provide a new tool for hedging interest rate risks and generating capital efficiencies.

AML / KYC

Singapore Parliament Passes Bill to Strengthen AML Regime

By Nithya Subramanian | 07/08/2024

The amendment bill will enable STRO to access more intelligence from government agencies and make it easier for prosecutors to pursue cases.

Crypto / Digital Assets

MAS Grants MPI License to HashKey’s OTC Trading Arm

By Ranamita Chakraborty | 06/08/2024

The licence authorises HashKey Technology Services to offer OTC trading services for digital payment tokens in Singapore.

AML / KYC

MAS to Require Family Offices to Undergo Screening Process

By Ranamita Chakraborty | 06/08/2024

From 1st October, Singapore-based family offices must complete a screening process with approved providers to qualify for tax incentives.

MAS Proposes New Rules to Improve Retail Client Safeguards

By Ranamita Chakraborty | 06/08/2024

The new requirements are designed to strengthen pre- and post-transaction safeguards for investment products.

MAS to Adjust Remuneration Rules for Financial Advisors

By Nithya Subramanian | 06/08/2024

The rules seek to promote proper supervision of financial advisers and reduce conflicts of interest and conduct risks in the industry.