Singapore

Securities / Derivatives

MAS Updates Guidelines for Fund Management Companies

By Manesh Samtani | 29/02/2024

The main amendment concerns compliance arrangements FMCs should have in place. MAS also reminded auditors of their FMC-related obligations.

ESG / Sustainability

SG to Introduce Mandatory Climate Disclosures from FY 2025

By Nithya Subramanian | 29/02/2024

The requirements will be implemented in a phased manner starting with listed companies in 2025 and large non-listed companies two years later.

Crypto / Digital Assets

HashKey OTC Arm Gets On-Principle Approval in Singapore

By Nithya Subramanian | 29/02/2024

In-principle approval brings HashKey OTC a step closer to being fully regulated in Singapore.

AML / KYC

Singapore Issues First Designation Under Foreign Interference Law

By Manesh Samtani | 28/02/2024

Businessman Philip Chan was designated as a “politically significant person” for his “susceptibility to be influenced by foreign actors.”

AML / KYC

Singapore and Malaysia Join Forces to Combat Telecom Scams

By Ranamita Chakraborty | 28/02/2024

Both countries have signed an MoU to provide regulatory assistance and cooperation related to scam telephone calls and text messages.

Fintech / Regtech

Singapore FinTech Association Drives FinTech Expansion to Malaysia

By Ranamita Chakraborty | 27/02/2024

Under the new Project Tapir, Singapore Fintech companies will be supported by Malaysian venture capital firms in their expansion efforts.

Enforcement

MAS, SPF Probe Samlit Moneychanger for Fraudulent Activities

By Nithya Subramanian | 26/02/2024

The money remittance company has informed the Monetary Authority of Singapore that it is planning to surrender its payment services licence.

Fintech / Regtech

FSDF Top-up Will Help Anchor Singapore Financial Services Capabilities

By Mark Johnston | 25/02/2024

MAS will use the S$2bn top-up to support talent development initiatives, innovation in financial services, and infrastructure projects.

Securities / Derivatives

SGX RegCo Proposes Restructuring Rule Changes for Distressed Firms

By Ranamita Chakraborty | 23/02/2024

Singapore’s bourse seeks to support the country’s efforts to be a restructuring hub amid rising insolvencies and global corporate defaults.