Monetary Authority of Singapore

Structural Regulation

MAS Publishes Compliance Toolkits for LFMCs and VCF Managers

By Nithya Subramanian | 14/08/2024

The compliance toolkits offer fund managers guidance on approvals, notifications and other regulatory submissions.

Custody & Infrastructure

MAS Grants MPI License to Crypto Custody Firm BitGo

By Nithya Subramanian | 14/08/2024

BitGo will be able to provide institutional clients with secure digital asset transactions through its insured cold storage custody platform.

Tokenisation

The Path Forward: Making Tokenisation a Reality in Singapore

By Justin Christopher | 13/08/2024

Justin Christopher discusses the importance of robust collaboration between businesses and regulators, and aspects of DLT that are often overlooked.

Fraud, Scams & Cybercrime

Singapore Court Sentences Crypto CTO for Investment Scam

By Ranamita Chakraborty | 09/08/2024

Wang Xinghong developed a crypto mining app that allowed A&A Blockchain to input fake numbers to misrepresent investor returns.

Capital Adequacy

MAS Pledges to Ensure Allianz-Income Deal Honours Existing Policies

By Nithya Subramanian | 07/08/2024

MAS will hold Income and Allianz accountable to their commitments to all policyholders and protect their interests, said Chee Hong Tat.

Cryptocurrency

MAS Grants MPI License to HashKey’s OTC Trading Arm

By Ranamita Chakraborty | 06/08/2024

The licence authorises HashKey Technology Services to offer OTC trading services for digital payment tokens in Singapore.

KYC & CDD

MAS to Require Family Offices to Undergo Screening Process

By Ranamita Chakraborty | 06/08/2024

From 1st October, Singapore-based family offices must complete a screening process with approved providers to qualify for tax incentives.

Conduct, Culture & Accountability

MAS Proposes New Rules to Improve Retail Client Safeguards

By Ranamita Chakraborty | 06/08/2024

The new requirements are designed to strengthen pre- and post-transaction safeguards for investment products.

Conduct, Culture & Accountability

MAS to Adjust Remuneration Rules for Financial Advisors

By Nithya Subramanian | 06/08/2024

The rules seek to promote proper supervision of financial advisers and reduce conflicts of interest and conduct risks in the industry.