Singapore

Market Infrastructure

MAS 610/1003 Pilot Testing Gateway Set for April Launch

By Manesh Samtani | 02/03/2020

A six-month parallel reporting phase for the new MAS 610/1003 returns was meant to start from 1 April, but this was pushed forward by three months earlier in the year.

Securities / Derivatives

All SGX Issuers Can Apply for Time Extension to Hold AGM

By Editors | 28/02/2020

The two-month extension for companies to hold their AGM applies to all issuers that need more time, irrespective of their place of business or operations.

Securities / Derivatives

Whistleblowing Policy to Become Mandatory for SGX Listed Companies

By Editors | 18/02/2020

SGX RegCo chief Tan Boon Gin wants to hardcode a whistleblowing policy into the Listing Rules to make compliance mandatory. A consultation will be launched in June.

Market Infrastructure

MAS Issues Guidance on Investment Suitability, Pricing in Private Banking

By Editors | 17/02/2020

MAS looks to private banks’ boards and senior management to ensure the effectiveness of policies, processes, controls and systems in sales and advisory practices, and to shape the staff behaviour.

DBS Announces Relief Measures for SME, Retail Clients

By Editors | 14/02/2020

Relief will be provided on SME property loans, import facilities and retail mortgage loans. The announcement comes after a DBS employee tested positive for Covid-19.

Market Infrastructure

IMF, MAS Offer Guidance on Assessing Cyber Risk

By Manesh Samtani | 12/02/2020

A new IMF-MAS paper presents data sources and methods that can be used to analyse and assess cyber risk, illustrated with applications to Singapore.

Enforcement

SGX RegCo Enhances Market Surveillance with Artificial Intelligence

By Editors | 12/02/2020

The introduction of AI will help isolate unusual activity by learning from historical trading patterns and filtering out noise.

Capital / Liquidity

Sea and Grab-Singtel “Leading Singapore Digital Bank Race”

By CorporateTreasurer | 12/02/2020

S&P Global Market Intelligence believes digital banking contenders Sea and the Grab-Singtel consortium are the most likely to gain coveted digital bank licences in Singapore.

Securities / Derivatives

Quarterly Reporting Required for 109 Companies: SGX

By Editors | 11/02/2020

94 companies required to use quarterly reporting are issuers with audit concerns, 6 have outstanding regulatory concerns, and 9 are named under both categories.