Singapore

Securities / Derivatives

SGX RegCo Proposes to Phase in Mandatory Climate Reporting

By Manesh Samtani | 26/08/2021

SGX also proposes an assurance requirement for sustainability reports and the introduction of a new ESG data portal for issuers and investors.

Enforcement

Singapore Police Charges Ex-UOB Banker Over Data Disclosure

By Editors | 25/08/2021

The ex-UOB employee accessed customer data from banking systems and disclosed the information to a scammer purporting to represent the Shanghai Police.

ESG / Sustainability

Singapore, US Agree to Cooperate on Cyber, Climate Risk

By Editors | 24/08/2021

The climate partnership focuses on stronger collaboration on sustainable finance, standard setting, climate risk disclosures, and carbon markets.

ESG / Sustainability

Singapore Should Lead on Green Fintech Regulation Ahead of COP26

By Benjamin Soh | 23/08/2021

Singapore is well positioned to be a global leader on regulatory innovation in green fintech, writes Benjamin Soh, Co-founder and Managing Director of STACS.

Securities / Derivatives

SGX Mulls Lower Market Cap Requirement for SPAC Listings

By Editors | 19/08/2021

SGX is reportedly considering reducing the proposed minimum market cap requirement from S$300mn proposed in its consultation to S$150mn.

AML / KYC

Singapore Court Jails Key Members of SkillsFuture Scam

By Ranamita Chakraborty | 17/08/2021

A husband and wife were jailed for 17 and 14 years respectively after pleading guilty to cheating, forgery and money laundering offences.

Market Infrastructure

DTCC Urges Readiness for MAS Derivatives Reporting Requirements

By Sanday Chongo Kabange | 12/08/2021

Finance companies, subsidiaries of banks in Singapore, insurers and CMS licence holders will come into scope for reporting from 1 October.

Fintech / Regtech

DBS Vickers Receives ‘In-principle Approval’ to Provide DPT Services

By Editors | 12/08/2021

DBS Vickers is working through the necessary follow-ups with a view to meeting MAS’ requirements for a digital payment token services licence.

Securities / Derivatives

Singapore Sees Resurgence of ‘Pump and Dump’ Scams

By Editors | 11/08/2021

Seven victims recently bought more than 49,000 shares in a US-listed company based on the recommendation of an “expert” and lost over $1mn within two days.