Singapore

Enforcement

Singapore’s Central Depository Fined for Data Privacy Breaches

By Editors | 10/08/2020

211 dividend cheques were sent to outdated mailing addresses, containing client names, NRIC numbers, CDP account numbers, and details of the securities held.

Capital / Liquidity

MAS Calls on Finance Companies to Moderate Dividends

By Editors | 08/08/2020

The dividend restriction is a pre-emptive measure to bolster the finance companies’ ability to continue to support the credit needs of businesses and consumers.

AML / KYC

Singapore Authorities Issue First Charges in Wirecard Probe

By Editors | 08/08/2020

A director of Citadelle Corporate Services is said to have “wilfully and with intent to defraud” stated false balances held in escrow on behalf of Wirecard in 2016 and 2017.

Enforcement

CEO Faces 112 Charges of Market Rigging in Singapore

By Editors | 06/08/2020

CEO and chairman of SGX-listed KS Energy is alleged to have engaged in conduct to push up his company’s stock and create a misleading appearance of its price.

Enforcement

SGX RegCo to Enhance Enforcement, Whistleblowing Frameworks

By Manesh Samtani | 06/08/2020

The proposed enforcement framework will seek to achieve swifter outcomes from the disciplinary process. Whistleblowing policies will become mandatory for listed issuers.

Fintech / Regtech

MAS to Set Up Regional Digital Finance Institute

By Sanday Chongo Kabange | 06/08/2020

The Asia Institute of Digital Finance will be jointly operated by MAS, the National Research Foundation and the National University of Singapore.

Market Infrastructure

MAS Announces New Initiatives to Support SORA Adoption

By Editors | 05/08/2020

The initiatives aim to catalyse greater activity in SORA markets, safeguard the benchmark’s integrity and enhance market confidence in SORA.

Fintech / Regtech

UOB Launches Training Programme to Address Transformation in Finance

By Editors | 05/08/2020

The UOB Finance Academy will allow participants to deepen their knowledge in areas such as risk management, regulation, liquidity management and data analytics.

Securities / Derivatives

SGX to Launch Asia’s First International REIT Futures

By Editors | 05/08/2020

Two new REIT futures contracts will launch on 24 August, both designed in accordance with CFTC guidelines to allow for distribution to US and global institutional investors.