Singapore

Following an October 2017 public consultation, SGX has announced that a number of new rules on securities trading and market practices will take effect next month.

Two former representatives of Jefferies Singapore colluded to trade against their firm using privileged information, representing 'deceptive conduct' which contravenes the SFA.

The central bank has opted to use its national discretion in key areas in credit, market and operational risk management.

The regulator says it is engaging relevant stakeholders to ascertain the unique value that such virtual bank entrants could bring to Singapore's banking landscape.

CDP account opening can now be done online without paper documents, allowing for greater convenience, security and "a better experience" for retail investors.

MAS and the Bank of Canada linked up experimental payment networks despite their being built on two different DLT platforms.

The proposals include an AML/CFT framework for VCCs requiring them to engage an eligible financial institution to perform the necessary checks.

Singapore payment services provider NETS Group is helping the Myanmar Payment Union develop a unified e-payment system modelled after the SGQR.

Chinese firms will be able to leverage SGX and UOB's infrastructure, expertise and networks to expand into Singapore and other ASEAN nations.

The update addresses situations where customers choose to receive fewer transaction notifications, which could affect their ability to monitor for unauthorised transactions.