Singapore

Market Abuse

SGX RegCo Proposes Removal of Minimum Trading Price Rule

By Editors | 29/11/2019

SGX RegCo is proposing to scrap the MTP rule in light of its suite of other measures to deal with market manipulation, including the pairing of trading restrictions with ‘Trade with Caution’ alerts.

Trading & Investment

SGX Enhances Securities Borrowing and Lending Programme

By Editors | 28/11/2019

Effective from 2 December, new variable rates will make it more attractive for institutional investors to borrow securities, increasing the opportunity for securities holders to generate income.

Trading & Investment

SGX to Develop New Products Using China Bond Indices

By Editors | 27/11/2019

SGX, ICBC and the CCDC will explore the development of new index fund products using newly-launched China Bond Indices as the underlying, to be listed in Singapore.

Alternative Markets

SGX Becomes First Asian Exchange to List Catastrophe Bonds

By Editors | 27/11/2019

The ‘World Bank Philippines Catastrophe Bonds’ will finance up to $225mn of financial protection against earthquakes and tropical cyclones for the Philippines over the next three years.

Conduct, Culture & Accountability

SGX RegCo Rewards Good Governance with ‘Fast Track’ List

By Editors | 26/11/2019

SGX RegCo has named 95 companies that will receive prioritised responses on selected corporate action submissions for maintaining high standards of governance, compliance and reporting quality.

PEPs & Sanctions

Singapore Company Director Jailed for North Korea Trade

By Editors | 25/11/2019

The Singapore man was reportedly selling luxury goods to a North Korean shop, shipping the goods via Dalian, and receiving payment via front companies in China and Hong Kong.

Cybersecurity

MAS, ABS Conclude 6th Crisis Response Testing Exercise

By Editors | 23/11/2019

‘Exercise Raffles’ brought together the public and private sectors – including the FS-ISAC, HKMA, CSA, SGX, SWIFT and FIS Global – to test cyber and operational disruption response capabilities.

Cryptocurrency

MAS Consults on Regulatory Approach for Crypto Derivatives

By Garima Chitkara | 21/11/2019

The MAS has received indications of interest for bitcoin and ether derivatives, regulated under the SFA, to be made available to investors in Singapore.

Reporting & Disclosures

EP Association Adopts 4th Iteration of ‘Equator Principles’

By Editors | 21/11/2019

DBS becomes the newest of 101 financial institutions to adopt the ‘Equator Principles’, a globally recognised framework for determining, assessing and managing environment and social risk in project finance.