Singapore

Clearing & Post-Trade

MAS to Exempt Some Market Operators from ACH/RCH Rules

By Editors | 10/09/2023

The exemption applies to platforms that provide services to facilitate trading and settlement, but don’t actually act as a central counterparty of clear or settle trades centrally.

Reporting & Disclosures

SGX RegCo Seeks to Align Listing Rules with ISSB Standards

By Jill Wong | 07/09/2023

SGX Regco is seeking to align listing rules with ISSB Standards by year-end in order to guide companies on how to explain the impact of climate change on their business.

Clearing & Post-Trade

SGX Gains Connectivity to FIA Tech’s Trade Data Network 

By Editors | 07/09/2023

The new connectivity will give SGX members greater transparency into their trade give up/ take in process.

Custody & Infrastructure

MAS Grants RMO Licence to Digital Asset Exchange AsiaNext

By Editors | 06/09/2023

AsiaNext, formed in 2021 as a joint venture between SBI Digital Asset Holdings and SIX Group, will cater exclusively to institutions.

Anti-Money Laundering

ACRA Working on Bill to Cap Nominee Directorships – Report

By Editors | 06/09/2023

Amendment bill may also increase financial penalties for corporate service providers that breach their AML obligations.

Reporting & Disclosures

Singapore Launches New Framework for Intangible Asset Disclosures

By Editors | 06/09/2023

The framework provides a systematic and consistent way for companies to disclose and communicate intangible assets to lenders, board members and investors.

Anti-Money Laundering

MAS Imposes Lifetime Ban on Former Goldman Exec Roger Ng

By Editors | 05/09/2023

Roger Ng is banned from regulated activities in Singapore for life, due to his role in the theft of billions of dollars from 1MDB.

Structural Regulation

MAS to Get New Managing Director, Menon to Step Down

By Editors | 04/09/2023

Ravi Menon will step down from his role as managing director of MAS and retire from public service on 1 January 2024.

Anti-Money Laundering

MAS Offers New Guidance on BO Identification, Complex Structures

By Manesh Samtani | 01/09/2023

MAS inspections found “executional lapses” in this area as a result of “weak oversight” and “lack of risk awareness and vigilance”.