The main amendment concerns compliance arrangements FMCs should have in place. MAS also reminded auditors of their FMC-related obligations.
The mandatory climate-related disclosures will be implemented in a phased manner starting with listed companies in 2025, followed by large non-listed companies two years later.
In-principle approval brings HashKey OTC a step closer to being fully regulated in Singapore.
Businessman Philip Chan was designated as a “politically significant person” for his "susceptibility to be influenced by foreign actors."
Under the new Project Tapir, Singapore Fintech companies will be supported by Malaysian venture capital firms in their expansion efforts.
The money remittance company has informed the Monetary Authority of Singapore that it is planning to surrender its payment services licence.
MAS will use the S$2bn top-up to support talent development initiatives, innovation in financial services, and infrastructure projects.
Singapore’s bourse seeks to support the country’s efforts to be a restructuring hub amid rising insolvencies and global corporate defaults.
With crypto currencies and assets firmly lodged in the public mind, regulators need to lay guardrails to facilitate innovation and combat misbehaviour.
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