Monetary Authority of Singapore

    Securities / Derivatives

    Singapore to Amend Law to Allow for Online General Meetings

    By Editors | 19/12/2022

    Orders introduced early in the pandemic to allow companies to conduct general meetings by electronic means will expire on 1 July 2023.

    MAS Proposes to Revise Fair Dealing Guidelines

    By Editors | 15/12/2022

    MAS proposes to widen the Guidelines to explicitly include all FIs and the corresponding products and services that they offer to their customers.

    Securities / Derivatives

    IFSCA Mulls Introduction of VCC Structure in GIFT City

    By Editors | 08/12/2022

    An expert committee set up by the IFSCA in 2020 has proposed a legal framework for introducing the VCC structure for funds operating in GIFT City.

    Enforcement

    MAS Bans Former UOB, OCBC Representative for 15 Years

    By Editors | 08/12/2022

    The former representative deceived seven customers into transferring S$2mn to his personal bank accounts by promoting fictitious fixed deposits and other investment products.

    Crypto / Digital Assets

    MAS Grants MetaComp Licence to Offer DPT Services in Singapore

    By Editors | 01/12/2022

    MetaComp, a unit of MetaVerse Green Exchange, is now able to offer regulated digital payment token services in Singapore.

    Fintech / Regtech

    Experian Appointed Bureau Operator for Singapore BNPL Industry

    By Editors | 30/11/2022

    Experian will facilitate creditworthiness checks for consumers using credit information submitted by all accredited BNPL players in Singapore.

    Capital / Liquidity

    MAS Plans to Adopt BCBS Risk Weights for Cryptoassets

    By Manesh Samtani | 30/11/2022

    MAS will require Singapore banks to apply a 1250% risk weight for exposures to Bitcoin and Ether, pending the finalisation of the BCBS framework.

    AML / KYC

    Singapore Police Launch Probe into Crypto Lender Hodlnaut

    By Editors | 29/11/2022

    The police said they received multiple reports between August and November 2022 alleging false representations by that Hodlnaut and/or its directors.

    Big Picture

    COP27: What Lies Ahead for the Future of Climate Finance?

    By Michael Sheren | 29/11/2022

    MVGX President Michael Sheren discusses key takeaways from COP27 and the importance of regulation and high-integrity standards for carbon markets.

    Fintech / Regtech

    UK, Singapore to Deepen Collaboration on FinTech, Sustainable Finance

    By Editors | 26/11/2022

    The UK and Singapore agreed to deepen cooperation on FinTech and sustainable finance, including to explore a global framework for regulating ESG ratings and data providers.

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