Singapore

GIFT City members and their clients will be able to access institutional-grade USD bonds via BondbloX Exchange.

MAS is also looking into creating a new ombudsman, a market conduct tribunal, a procedure for class-action lawsuits, and an investor compensation scheme.

From 1 October 2023, corporate finance advisers will have to meet new minimum standards when conducting due diligence on transactions.

The platform will make it easier for firms to launch and administer digital investment funds, which may comprise crypto, tokenised securities and other digital assets.

MHA is also looking to introduce new provisions and penalties to the CDSA  to make individuals more accountable and curb the abuse of Singpass.

New report from Oliver Wyman, Elevandi and MAS says the downturn in the digital assets ecosystem could mark an inflection point.

The service is available in Singapore via DBS and Liquid Group, and in India via Axis Bank, DBS India, ICICI Bank, Indian Bank, Indian Overseas Bank and State Bank of India.

SGX's Lee Beng Hong said the new digital service will enhance bond issuance efficiency and streamline processes for dealing with regulators, lawyers and listing agents.

Government officials in Singapore, Japan, Hong Kong, Australia and India have some ability to direct or influence securities regulators' day-to-day operations.

This third consultation seeks views on thresholds and criteria for five sectors. GFIT intends to publish the final taxonomy by 1H 2023.