Monetary Authority of Singapore

    Structural Regulation

    Singapore to Amend Law to Allow for Online General Meetings

    By Editors | 19/12/2022

    Orders introduced early in the pandemic to allow companies to conduct general meetings by electronic means will expire on 1 July 2023.

    Conduct, Culture & Accountability

    MAS Proposes to Revise Fair Dealing Guidelines

    By Editors | 15/12/2022

    MAS proposes to widen the Guidelines to explicitly include all FIs and the corresponding products and services that they offer to their customers.

    Structural Regulation

    IFSCA Mulls Introduction of VCC Structure in GIFT City

    By Editors | 08/12/2022

    An expert committee set up by the IFSCA in 2020 has proposed a legal framework for introducing the VCC structure for funds operating in GIFT City.

    Fraud, Scams & Cybercrime

    MAS Bans Former UOB, OCBC Representative for 15 Years

    By Editors | 08/12/2022

    The former representative deceived seven customers into transferring S$2mn to his personal bank accounts by promoting fictitious fixed deposits and other investment products.

    Cryptocurrency

    MAS Grants MetaComp Licence to Offer DPT Services in Singapore

    By Editors | 01/12/2022

    MetaComp, a unit of MetaVerse Green Exchange, is now able to offer regulated digital payment token services in Singapore.

    Structural Regulation

    Experian Appointed Bureau Operator for Singapore BNPL Industry

    By Editors | 30/11/2022

    Experian will facilitate creditworthiness checks for consumers using credit information submitted by all accredited BNPL players in Singapore.

    Capital Adequacy

    MAS Plans to Adopt BCBS Risk Weights for Cryptoassets

    By Manesh Samtani | 30/11/2022

    MAS will require Singapore banks to apply a 1250% risk weight for exposures to Bitcoin and Ether, pending the finalisation of the BCBS framework.

    Fraud, Scams & Cybercrime

    Singapore Police Launch Probe into Crypto Lender Hodlnaut

    By Editors | 29/11/2022

    The police said they received multiple reports between August and November 2022 alleging false representations by that Hodlnaut and/or its directors.

    Sustainable Finance

    COP27: What Lies Ahead for the Future of Climate Finance?

    By Michael Sheren | 29/11/2022

    MVGX President Michael Sheren discusses key takeaways from COP27 and the importance of regulation and high-integrity standards for carbon markets.

    Reporting & Disclosures

    UK, Singapore to Deepen Collaboration on FinTech, Sustainable Finance

    By Editors | 26/11/2022

    The UK and Singapore agreed to deepen cooperation on FinTech and sustainable finance, including to explore a global framework for regulating ESG ratings and data providers.

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