Singapore

Trading & Investment

MAS, SGX, Temasek, EDBI to Jointly Boost Singapore Capital Market

By Editors | 16/09/2021

MAS and SGX will increase support for high-growth companies seeking to list in Singapore. Temasek and EDB Investments will set up funds to facilitate fundraising.

Fraud, Scams & Cybercrime

Singapore Authorities Warn of SMS Diversion Attacks

By Editors | 15/09/2021

Malicious actors gained access to the systems of overseas telecom operators to divert SMS OTPs and authenticate fraudulent card transactions.

Trading & Investment

Thailand, Singapore to Introduce Depository Receipt Linkage

By Manesh Samtani | 15/09/2021

Through the new linkage, Singapore and Thailand listed companies will be able to issue depository receipts in each other’s markets.

Market Risk

MAS Issues Draft Standards for Market Risk Capital

By Editors | 15/09/2021

MAS seeks feedback on draft provisions in Notice 637 relating to market risk capital and capital reporting requirements.

Payments & Settlements

Singapore, India to Enable Real-time Cross-border Payments

By Sanday Chongo Kabange | 15/09/2021

The PayNow-UPI linkage will be implemented in July 2022, enabling faster and lower cost fund transfers between Singapore and India.

Anti-Money Laundering

Singapore Court Jails Businessman for Financing ISIS Fighter

By Ranamita Chakraborty | 13/09/2021

The Singaporean businessman gave about SGD 1,000 to a Malaysian man to finance his travel to Syria to become an ISIS fighter.

Tokenisation

MAS Grants RMO Licence to Digital Asset Platform SDAX

By Editors | 13/09/2021

SDAX allows asset owners to tokenise and list their assets as digital securities. Its first real estate token listing is expected within 2021.

Trading & Investment

RBC Capital Markets to Launch FX Infrastructure in Singapore

By Editors | 12/09/2021

RBC says the new e-FX server and pricing engine was developed with support from MAS and will be launched by year-end.

Structural Regulation

Hong Kong SPAC Framework to Prohibit Retail Access – Report

By Editors | 12/09/2021

Hong Kong’s SPAC framework will reportedly be issued for public consultation this month, proposing that only professional investors be allowed to participate.