Singapore

Market Infrastructure

SGX Finalises Changes to Default Management Process

By Editors | 05/09/2021

The changes align CDP’s default management process with global practices, improve efficiency, and enable speedier resolution of any clearing member default.

Enforcement

MAS Orders Halt to Singapore Services From Binance.com

By Editors | 05/09/2021

Binance Asia Services, which operates Binance.sg, is a “distinct entity” and may still operate under an exemption while its licence application is under review.

ESG / Sustainability

Singapore Launches Asian Institute of Digital Finance

By Manesh Samtani | 05/09/2021

The research institute has led efforts to develop a federated learning platform for SME credit analytics that is expected to launch by year-end.

Enforcement

Singapore: 20 More Charges Laid in Nickel Trading Fraud Case

By Editors | 03/09/2021

Ng Yu Zhi has been charged with 20 new counts of cheating, bringing the total number of charges he faces to 51.

Fintech / Regtech

Chinese Investors to Gain Access to Digital Securities via ADDX

By Editors | 03/09/2021

Through the QDLP scheme, MAS-regulated ADDX will offer Chinese investors access to digital securities covering a broad range of asset types.

Enforcement

MAS Bans Ex-UOBKH Employees for Making False Statements

By Ranamita Chakraborty | 03/09/2021

The individuals provided false information to MAS when it was checking whether background checks were included in due diligence for the IPO of a Catalist listed company.

Securities / Derivatives

SGX Finalises Framework for SPAC Listings in Singapore

By Manesh Samtani | 03/09/2021

The finalised framework lowers the minimum market cap required of a SPAC listing to S$150mn from S$300mn proposed in SGX’s March consultation.

Enforcement

Singapore Court Charges UK Man in Wirecard Probe

By Ranamita Chakraborty | 02/09/2021

The man faces charges for abetting the falsification of a document that represented Wirecard’s missing money was being held in escrow.

Securities / Derivatives

ICE Futures Singapore to Launch Micro US, Europe Index Futures

By Editors | 01/09/2021

The Micro MSCI USA and Micro MSCI Europe Index futures contracts will begin trading on ICE Futures Singapore from 11 October 2021.