Monetary Authority of Singapore

AML / KYC

Singapore Passes Amendments to Business Trusts Act

By Editors | 05/10/2022

Unlisted business trusts will have to obtain and maintain information on the beneficial owners of units, and provide this information to authorities upon request.

ESG / Sustainability

MAS Announces Initiatives to Promote Blended Finance

By Editors | 05/10/2022

S$5mn in grants will fund innovations in blended finance. The GFANZ APAC Network will develop guidance for FIs on phasing out coal power.

Market Infrastructure

MAS Issues Guidance for Feeder ETFs Participating in Shenzhen Link

By Editors | 04/10/2022

Through the SZSE-SGX ETF Link, a Singapore-constituted feeder ETF can invest up to 100 percent of its NAV into an SZSE-listed master ETF.

Singapore Tightens Mortgage Rules to Ensure Prudent Borrowing

By Editors | 03/10/2022

Lenders will have to assume higher interest rates when assessing borrowers’ repayment ability. The LTV limit for HDB housing loans has been lowered.

Fintech / Regtech

MAS, IMDA Propose Measures to Make SGQR More Interoperable

By Manesh Samtani | 28/09/2022

Merchant acquirers will have to remove all proprietary static QR code payment labels. A new fee model will be introduced for SGQR members.

Crypto / Digital Assets

SBI Obtains Singapore Licence to Offer Digital Asset Services

By Editors | 22/09/2022

SBI Digital Markets will advise on corporate finance, deal in capital markets products, and provide custodial services.

Securities / Derivatives

SGX Launches New FX Trading Venue for OTC Trades

By Editors | 21/09/2022

CurrencyNode is an FX trading venue that connects global participants anonymously to unique and deep OTC FX liquidity pools.

Securities / Derivatives

MAS Adds $1bn to Private Markets Programme

By Editors | 21/09/2022

The programme was launched in 2018 with $5bn to allocate to PE and infrastructure fund managers. The additional $1bn will go to global credit fund managers.

Fintech / Regtech

MAS, IFSCA Sign FinTech Cooperation Agreement

By Editors | 20/09/2022

MAS and IFSCA will collaborate to support sandbox experimentation, enable companies to be referred to each other’s sandbox, and promote cross-border testing.