Singapore

Conduct, Culture & Accountability

MAS Updates Guidelines for Fund Management Companies

By Manesh Samtani | 29/02/2024

The main amendment concerns compliance arrangements FMCs should have in place. MAS also reminded auditors of their FMC-related obligations.

Reporting & Disclosures

SG to Introduce Mandatory Climate Disclosures from FY 2025

By Nithya Subramanian | 29/02/2024

The requirements will be implemented in a phased manner starting with listed companies in 2025 and large non-listed companies two years later.

Cryptocurrency

HashKey OTC Arm Gets On-Principle Approval in Singapore

By Nithya Subramanian | 29/02/2024

In-principle approval brings HashKey OTC a step closer to being fully regulated in Singapore.

PEPs & Sanctions

Singapore Issues First Designation Under Foreign Interference Law

By Manesh Samtani | 28/02/2024

Businessman Philip Chan was designated as a “politically significant person” for his “susceptibility to be influenced by foreign actors.”

Fraud, Scams & Cybercrime

Singapore and Malaysia Join Forces to Combat Telecom Scams

By Ranamita Chakraborty | 28/02/2024

Both countries have signed an MoU to provide regulatory assistance and cooperation related to scam telephone calls and text messages.

Cloud & Infrastructure

Singapore FinTech Association Drives FinTech Expansion to Malaysia

By Ranamita Chakraborty | 27/02/2024

Under the new Project Tapir, Singapore Fintech companies will be supported by Malaysian venture capital firms in their expansion efforts.

Fraud, Scams & Cybercrime

MAS, SPF Probe Samlit Moneychanger for Fraudulent Activities

By Nithya Subramanian | 26/02/2024

The money remittance company has informed the Monetary Authority of Singapore that it is planning to surrender its payment services licence.

Cloud & Infrastructure

FSDF Top-up Will Help Anchor Singapore Financial Services Capabilities

By Mark Johnston | 25/02/2024

MAS will use the S$2bn top-up to support talent development initiatives, innovation in financial services, and infrastructure projects.

Resolution & Recovery

SGX RegCo Proposes Restructuring Rule Changes for Distressed Firms

By Ranamita Chakraborty | 23/02/2024

Singapore’s bourse seeks to support the country’s efforts to be a restructuring hub amid rising insolvencies and global corporate defaults.