Singapore

Enforcement

MAS Imposes S$100,000 Civil Penalty for False Trading

By Editors | 13/05/2022

A woman pledged shares for margin purposes, then bought more near the close to artificially raise their closing prices and increase the value of her collateral.

Market Infrastructure

Singapore Taskforce Issues Second Consultation on Green Taxonomy

By Editors | 13/05/2022

The proposed traffic light-based taxonomy is accompanied by a user guide for financial institutions and companies to apply the taxonomy.

Securities / Derivatives

ADDX, Fullerton Partner to Tokenise Private Equity Fund

By Editors | 11/05/2022

Temasek subsidiary Fullerton Fund Management is issuing tokenised units of a new private equity fund of funds on the ADDX platform.

Fintech / Regtech

MAS Grants Fifth DPT Licence Under PSA to Coinhako

By Editors | 10/05/2022

Coinhako is the fifth firm to receive a full DPT licence under the PSA, after TripleA, FOMO Pay, DBS Vickers and Independent Reserve.

Market Infrastructure

LSEG to Launch New NDF Matching Venue in Singapore

By Editors | 09/05/2022

The fully cleared NDF matching venue will be open for integration testing later this year, with a full production launch in mid-2023.

Enforcement

Two Convicted in Singapore’s Largest-ever Market Manipulation Case

By Editors | 06/05/2022

Two individuals were convicted on 349 charges for controlling and using 187 trading accounts to manipulate three penny stocks before they collapsed in October 2013.

AML / KYC

Singapore: Revolut, Luno Get In-Principle Approval to Offer DPT Services

By Editors | 02/05/2022

MAS managing director Ravi Menon described the licensing process as necessarily stringent for Singapore to be a responsible global crypto hub.

AML / KYC

MAS Issues Guidance on Uplifting Name Screening Systems

By Manesh Samtani | 30/04/2022

MAS observed an overreliance on system vendors to set the screening parameters. Most FIs did not enquire about or assess vendors’ information sources.

Enforcement

MAS Offers Update on Major Ongoing Investigations

By Editors | 29/04/2022

MAS’ latest enforcement report includes a new section providing updates on cases relating to Noble Group, Hyflux, Eagle Hospitality Trust, and Hui Xun Asset Management.