Singapore

Securities / Derivatives

SGX Enhances Listing Due Diligence Standards for Issue Managers

By Editors | 13/01/2020

The ABS listings due diligence guidelines and independence requirements have been incorporated into SGX’s mainboard listing rules.

Enforcement

SGX RegCo Adopts Risk-Based Approach to Quarterly Reporting

By Manesh Samtani | 10/01/2020

A new risk-based approach to quarterly reporting and stronger continuous disclosure requirements will apply from 7 February. The new whistleblowing office has also been established.

Securities / Derivatives

Singapore Fund Managers See Opportunity in ESG Investing: IMAS

By Manesh Samtani | 08/01/2020

The 5th annual IMAS Investment Managers’ Outlook Survey shows that 2020 could be the biggest year yet for ESG investing for Singapore fund managers.

Market Infrastructure

UPDATED – 21 Digital Bank Licence Applications Received: MAS

By Editors | 07/01/2020

MAS will announce the successful applicants in June 2020. The new digital bank licencees will be expected to commence business by mid-2021.

Market Infrastructure

UPDATED – Known Applicants for Singapore Digital Bank Licences

By Manesh Samtani | 05/01/2020

Grab, Singtel, Razer, Ant Financial, V3 Group, EZ-Link, iFast Corporation, ByteDance, AMTD, Xiaomi, PhillipCapital, Temasek, Enigma Group and Singapura Finance are among applicants.

Securities / Derivatives

SGX RegCo Launches Review of Regulatory Framework for Retail Bonds

By Editors | 02/01/2020

The working group tasked with recommending changes to the framework comprises representatives from the Securities Investors Association Singapore, DBS, OCBC, and UOB, among others.

Securities / Derivatives

SGX RegCo to Overhaul Enforcement Approach – Reports

By Editors | 31/12/2019

SGX RegCo chief Tan Boon Gin wants stronger protections against misconduct, faster enforcement outcomes and greater clarity to be provided to the market.

Market Infrastructure

Grab, SingTel Team Up to Apply for Singapore Digital Bank Licence

By Editors | 30/12/2019

Grab and Singtel will respectively hold a 60% and 40% stake in the new consortium entity, which will seek to serve both retail consumers and SMEs.

AML / KYC

MAS Adopts FATF Standards on VASPs in Payment Services Act

By Manesh Samtani | 28/12/2019

MAS has proposed amendments will align the Payment Services Act with the most recent enhancements to the FATF Standards in relation to virtual asset service providers.