Singapore

SEC commissioner Robert Jackson Jr reportedly urged Singapore and Hong Kong to maintain close oversight over companies with dual class share structures to mitigate against corporate governance risks.

Monograph outlines how MAS manages enforcement work in three areas: detection, investigations and in taking enforcement action.

New five-minute trading session will allow participants to execute fixed-price orders at the closing auction price; consultation open until 11 October.

Despite robust profits and extensive expansion plans announced at its AGM, SGX was criticised for not doing enough to protect minority shareholders.

Collaboration to focus on strengthening supervision, enhancing connectivity, cooperating on fintech and supporting the Belt and Road initiative.

The SGQR combines multiple payment QR codes into a single SGQR label, to be rolled out across Singapore over the next six months.

Cooperation arrangement focuses on information sharing and facilitating referrals of fintech firms between Singapore and the US.

The VCC – formerly S-VACC – will position Singapore to become a key fund domicile for fund managers and create opportunities for fund services providers.

Proposed measures aim to enhance system and network security and protect against unauthorised use of system accounts with extensive access privileges.

The ex-UOB employee, without a capital markets services licence, had setup a company to invest on behalf of other investors, and later misappropriated SG$520,000 entrusted to him by clients.