MONETARY AUTHORITY OF SINGAPORE

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    MAS Proposes Stronger Safeguards for Prospecting, Marketing

    By Editors | 25/04/2023

    FIs that regularly conduct marketing and distribution activities would have to identify senior managers to exert oversight over these activities.

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    MAS Launches Polytechnic Talent for Finance Scheme

    By Editors | 25/04/2023

    FIs can tap the scheme to defray the cost of offering internships, apprenticeships and academic sponsorships to polytechnic graduates and students.

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    ESG / Sustainability

    Singapore, China Deepen Collaboration on Green Finance

    By Editors | 24/04/2023

    MAS-PBOC green finance taskforce will work on taxonomy interoperability, the sustainability bond market, and digital green bonds.

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    Enforcement

    Singapore Jails Stock Trader for False Trading Offences

    By Editors | 23/04/2023

    The trader used 14 trading accounts to create a false appearance of active trading in the market for shares in KTL Global.

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    ESG / Sustainability

    MAS Launches Finance for Net Zero Action Plan

    By Sanday Chongo Kabange | 21/04/2023

    The action plan includes a code of conduct for ESG ratings and data providers, grant schemes for transition bonds and loans, and ISSB-aligned disclosures.

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    Crypto / Digital Assets

    Crypto Exchange Luno to Close Singapore Operations in June

    By Sanday Chongo Kabange | 21/04/2023

    Luno, which received in-principle approval from MAS last year, has decided to stop serving users in Singapore.

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    Ravi Menon Reported to be Leaving MAS This Year

    By Editors | 20/04/2023

    Ravi Menon is MAS’ longest-serving managing director. Former deputy managing director Chia Der Jiun is tipped to be Menon’s successor.

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    Securities / Derivatives

    MAS: “Much Room for Improvement” in Issue Manager Conduct

    By Editors | 18/04/2023

    MAS identified issue managers that did not perform conflict-of-interest checks, background checks on EDs and controlling shareholders, and site visits to issuers’ material assets.

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    MAS Maintains Monetary Policy Stance, Warns of Slow Growth

    By Editors | 14/04/2023

    MAS said its five successive monetary policy tightening moves since October 2021 have “tempered the momentum of price increases”.

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    AML / KYC

    UPDATED – Singapore Bankers Asked to Avoid Discussing Inflows from China

    By Editors | 14/04/2023

    Regulators asked private bankers to avoid attributing large fund inflows to Chinese wealth as this is seen as a politically sensitive issue.

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