Monetary Authority of Singapore

    Enforcement

    MAS Proposes to Enhance Investigative, Supervision Powers

    By Manesh Samtani | 04/07/2021

    New powers will allow MAS to issue legally-binding directions to FIs in relation to unregulated business in bitcoin futures and other payment token derivatives traded on overseas exchanges.

    Market Infrastructure

    MAS: Remaining Amendments for BAA 2020 Take Effect

    By Editors | 03/07/2021

    Remaining amendments to Regulations, Notices and Guidelines needed for the Banking (Amendment) Act 2020 (BAA) commenced on 1 July 2021.

    AML / KYC

    Binance Deploys New AML Solution Amid Regulatory Pressure

    By Ranamita Chakraborty | 01/07/2021

    Binance has deployed a new AML compliance solution in the face of a ban in the UK and warnings from Japanese and Thai regulators.

    MAS Proposes New Safeguards for Vulnerable Customers

    By Editors | 30/06/2021

    MAS proposes additional safeguards for clients receiving financial advice if they are elderly, not proficient in English, or have lower academic qualifications.

    CSRC Approves DBS Stake in Shenzhen Rural Commercial Bank

    By Sanday Chongo Kabange | 30/06/2021

    DBS will become the largest shareholder of Shenzhen Rural Commercial Bank, paving the way for its expansion in the GBA.

    Securities / Derivatives

    Singapore to Continue Electronic Dissemination of Offer Documents

    By Editors | 29/06/2021

    The extension of the temporary measure will allow rights issues and take-over or merger transactions to proceed within prevailing safe management measures.

    Fintech / Regtech

    MAS Launches Global Challenge for Retail CBDC Solutions

    By Editors | 29/06/2021

    Fintechs, financial institutions and solution providers from around the world are invited to submit innovative solutions that can address 12 problem statements.

    Market Infrastructure

    MAS Extends Financial Sector Training Support Measures

    By Editors | 27/06/2021

    The extensions will help Singaporeans continue to acquire in-demand skills and encourage FIs and fintechs to retain and upgrade staff capabilities.

    Fintech / Regtech

    MAS Authorises Sandbox Graduate HGX as Market Operator

    By Ranamita Chakraborty | 25/06/2021

    The HGX member-driven private securities exchange formed out of an alliance between Fundnel, PhillipCapital, PrimePartners and Zilliqa.

    ESG / Sustainability

    MAS Announces ‘Final’ Extension of Credit Relief Measures

    By Editors | 24/06/2021

    MAS says this is likely the final extension and that loan repayments must start normalising to minimise debt accumulation.

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