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Securities / Derivatives
NZX to Migrate Dairy Derivatives to SGX on 27 November
By Editors | 21/10/2021
NZX has amended its Clearing and Settlement Rules and Procedures, and the NZX Derivatives Market Procedures, to give effect to the migration of open interests.
Market Infrastructure
LCH Expands Eligible Collateral to Include SGD Securities
By Editors | 20/10/2021
LCH says accepting SGD collateral will be an important tool for improving liquidity management and optimising margin costs.
AML / KYC
Singapore Consults on Amendments to Accountants Act
By Sanday Chongo Kabange | 20/10/2021
Under the changes, ACRA can conduct inspections on accountants for compliance with AML/CFT requirements, and impose penalties for non-compliance.
Enforcement
SFC Penalises IPO Sponsor Over Substandard Due Diligence Work
By Editors | 18/10/2021
Ample Capital Limited failed to conduct adequate due diligence on suspicious cash settlements and to keep proper records of its due diligence work.
MAS Tightens Monetary Policy Amid Inflation Concerns
By Editors | 14/10/2021
MAS will slightly raise the slope of the S$NEER policy band to ensure medium term price stability while recognising the risks to the economic recovery.
Enforcement
Singapore Woman Admits to Receiving Criminal Proceeds
By Ranamita Chakraborty | 11/10/2021
On instructions from a man she met online, a secretary of a law firm opened bank accounts that were used to receive funds stolen from a Botswana bank.
AML / KYC
Singapore: Exemptions for Foreign Offices of FIs Take Effect
By Editors | 10/10/2021
Under the new ‘Branch Framework’, Singapore FIs have to assess whether their overseas representatives are acting on behalf of the Singapore office or the foreign office.
Market Infrastructure
Singapore Launches New Cybersecurity Strategy
By Mark Johnston | 06/10/2021
The strategy is underpinned by two foundational enablers: the development of a more vibrant cybersecurity ecosystem, and a more robust cyber workforce.
AML / KYC
MAS Examining Asiaciti Trust Revelations in Pandora Papers
By Editors | 06/10/2021
The Pandora Papers show that Singapore firm Asiaciti Trust had helped politicians and public officials set up trusts and shell companies in secrecy jurisdictions.
ESG / Sustainability
HSBC, Temasek to Establish Platform to Fund Sustainable Infrastructure
By Editors | 04/10/2021
HSBC and Temasek, with support from ADB and Clifford Capital Holdings, will dispense over $1bn in loans through the platform within 5 years.
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