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Enforcement
HK Court Orders Founder to Buy Shares from Wronged Investors
By Editors | 07/10/2022
The order is the first made to require a listed company executive to buy shares held by other investors “at a price to be determined by the court”.
AML / KYC
Singapore Passes Amendments to Accountants Act
By Manesh Samtani | 06/10/2022
ACRA is empowered to conduct inspections on accounting entities, compel them to remediate lapses identified, and impose sanctions when necessary.
ESG / Sustainability
MAS Launches ESG Impact Hub, New Advisory Panel
By Sanday Chongo Kabange | 06/10/2022
At launch, 15 ESG fintechs and organisations are already set up at the Hub – including CDP, Climate Impact X, KPMG, MUFG, and STACS.
AML / KYC
Singapore Passes Amendments to Business Trusts Act
By Editors | 05/10/2022
Unlisted business trusts will have to obtain and maintain information on the beneficial owners of units, and provide this information to authorities upon request.
ESG / Sustainability
MAS Announces Initiatives to Promote Blended Finance
By Editors | 05/10/2022
S$5mn in grants will fund innovations in blended finance. The GFANZ APAC Network will develop guidance for FIs on phasing out coal power.
Market Infrastructure
MAS Issues Guidance for Feeder ETFs Participating in Shenzhen Link
By Editors | 04/10/2022
Through the SZSE-SGX ETF Link, a Singapore-constituted feeder ETF can invest up to 100 percent of its NAV into an SZSE-listed master ETF.
Singapore Tightens Mortgage Rules to Ensure Prudent Borrowing
By Editors | 03/10/2022
Lenders will have to assume higher interest rates when assessing borrowers’ repayment ability. The LTV limit for HDB housing loans has been lowered.
Enforcement
Enhanced Penalties for Data Breaches Take Effect in Singapore
By Editors | 02/10/2022
Organisations with annual turnover exceeding S$10mn are liable for penalties for data breaches worth up to 10% of annual turnover.
ESG / Sustainability
Singapore Exchange Launches Battery Metal Futures
By Editors | 02/10/2022
Contracts were launched in battery-grade lithium carbonate; lithium hydroxide; cobalt metal; and cobalt hydroxide.
ESG / Sustainability
SGX Lists First Low Carbon Index ETF Dedicated to APAC
By Editors | 29/09/2022
The ETF reflects the performance of nearly 200 large and mid-cap companies with low carbon characteristics in 11 markets in Asia Pacific.
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