Monetary Authority of Singapore

Enforcement

SGX RegCo Bars UOBKH from Acting as Issue Manager

By Editors | 29/12/2022

SGX RegCo said it has considered actions already taken by MAS and the interests of the market, and decided to impose additional requirements on UOBKH.

Crypto / Digital Assets

HKMA Intends to Implement BCBS Cryptoasset Standards

By Editors | 22/12/2022

The HKMA plans to implement the Basel standards on the treatment of cryptoasset exposures locally by 1 January 2025, in accordance with the BCBS timetable.

Enforcement

Singapore Jails Man for Spoofing, False Telegram Statements

By Editors | 20/12/2022

Kenneth Goh pleaded guilty to creating a false appearance in the market 325 times, deceiving two brokers, and making false statements in Telegram chat groups.

Capital / Liquidity

MAS to Defer Implementation of Final Basel III Reforms

By Editors | 20/12/2022

MAS said it will defer the implementation of the final Basel III reforms in Singapore, to between 1 January 2024 and 1 January 2025.

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.