Singapore

Securities / Derivatives

Singapore Allows Electronic Dissemination of Offer Documents

By Editors | 06/05/2020

Electronic dissemination will enable rights issues and takeover or merger transactions to take place while reducing the need for staff to be physically present at workplaces.

AML / KYC

Requirement to Lodge Company Controller Data with ACRA Deferred

By Editors | 06/05/2020

ACRA says the two-month deferral is the result of operational and resource constraints faced by registered filing agents, and potential difficulties obtaining consent from clients.

Fintech / Regtech

SGX, AMTD Enter Partnership on Capital Markets Development

By Editors | 05/05/2020

The partnership will seek to promote Singapore’s capital market development, strengthen regional connectivity, support businesses, and explore the use of DLT in bond issuance.

MAS Unveils Additional Financial Industry Support for Individuals

By Editors | 30/04/2020

This second package of measures is aimed at helping individuals ease their cashflow burden, reduce debt, and ensure access to basic banking services.

AML / KYC

G20 TechSprint Invites Firms to Develop Regtech, Suptech Solutions

By Editors | 29/04/2020

Private firms are invited to develop solutions to improve regulatory reporting, crypto asset AML monitoring, and supervisory information sharing.

Securities / Derivatives

SGX, CITIC Securities Agree to Collaborate Across Borders

By Editors | 28/04/2020

SGX and CITIC Securities will collaborate on FICC, REIT, equity, debt and related derivatives markets, among other areas.

Securities / Derivatives

SGX RegCo Extends Annual Report Deadlines, Urges Transparency

By Editors | 23/04/2020

Chief executive Boon Gin Tan says issuers should publish regular business updates to ensure high-quality information is promptly available to investors.

AML / KYC

Singapore’s Financial Industry’s Role in Preventing Sanctions Evasion

By Jamil Ahmed | 23/04/2020

Given its geographical location and reputation as a major finance and trading hub, Singapore firms need to take extra care to avoid implicating themselves in sanctioned transactions.

Enforcement

Singapore Police Open Probe into Renowned Oil Trader

By Editors | 21/04/2020

Hin Leong Trading’s founder admitted to concealing $800mn in losses from oil futures. The firm now unpaid debts of $3.85bn. Up to 23 banks are affected.