Singapore

Data Privacy

Singapore: Enhanced Personal Data Protection Act Takes Effect

By Manesh Samtani | 08/02/2021

The enhanced PDPA introduces mandatory data breach notification, criminal penalties for mishandling data, and a higher cap on penalties for breaches by large organisations.

Resolution & Recovery

Singapore Launches Simplified Insolvency, Restructuring Programme

By Editors | 05/02/2021

Eligible micro and small companies severely impacted by Covid-19 can apply for help with debt restructuring, business rehabilitation or orderly winding up.

Market Abuse

Asian Regulators Issue Warnings as GameStop Remains in Focus

By Manesh Samtani | 04/02/2021

Authorities in Hong Kong, Singapore, Korea and Malaysia are among those issuing warnings of possible investor losses as heightened volatility continues.

Trading & Investment

MAS Outlines 2021 Plans to Continue Transitioning to SORA

By Manesh Samtani | 02/02/2021

SOR will now end 18 months later to reflect the IBA’s plans, but the transition to SORA in cash products and derivatives markets will continue at pace.

Fraud, Scams & Cybercrime

Singapore Authorities Probe Crowdfunding Platform for Misconduct

By Editors | 02/02/2021

The probe is looking into possible offences under the Penal Code and the Securities and Futures Act by group companies belonging to CoAssets Ltd.

Clearing & Post-Trade

SGX-Temasek JV to Digitalise Bond Issuance Workflows

By Editors | 31/01/2021

The JV will partner with Covalent Capital to streamline the listing, straight-through processing and settlement of bonds and activities in bond lifecycle management.

Reporting & Disclosures

Singapore Taskforce Proposes Taxonomy for Identifying Green Activities

By Editors | 29/01/2021

The taxonomy draws on the theoretical underpinnings of the EU taxonomy and proposes a traffic-light system which sets out how activities are classified.

Sustainable Finance

SGX Launches ESG Futures as Part of Sustainability Agenda

By Editors | 25/01/2021

The launch is part of the SGX FIRST initiative, a multi-pronged expansion of the exchange’s sustainability capabilities announced in December.

Cybersecurity

Seven Takeaways from MAS’ Technology Risk Management Guidelines

By Grace Chong | 25/01/2021

The amended guidelines represent a firm step towards further strengthening the defences of Singapore’s financial ecosystem, placing the industry in good stead for the post-Covid economic recovery.