Singapore

Over 200 global FX market participants have committed to the Code to maintain status as central bank counterparties.

Exchanges warned against facilitating trading in digital tokens which constitute securities or futures contracts without MAS authorisation; ICO representing equity ownership halted.

MAS launched two consultations to change its market operator regime and its product notification regime; changes made to support new business models in financial services.

NSE is seeking to prevent SGX from launching India equity derivative products in June; NSE previously terminated its data sharing agreement with SGX for its Nifty futures offering.

Revised requirements including increased granularity and rationalisation of data in submissions; set to take effect on 1 October 2020.

Deposit Insurance Scheme coverage to increase to protect up to SGD75,000 per depositor, up from SGD50,000, starting from 1 April 2019.

Asia Pacific Exchange will become Singapore's third derivatives exchange, initially offering dollar-denominated and physically tradable palm olein futures starting 25 May.

Consultation to be issued "soon" on raising cyber resilience at financial institutions in Singapore; rules to include internal controls, independent reviews, authentication practices.

MAS-CAD industry partnership on AML/CFT released best practices papers to help financial institutions guard against trade-based money laundering and the misuse of company structures for illicit purposes.

MAS partners with government agency, media regulator and professional body to promote adoption of AI products and services in financial sector.