Singapore

ESG / Sustainability

ASEAN Exchanges Agree on New Set of ESG Metrics

By Editors | 13/09/2023

Previously, Environment (E) and Social (S) metrics were developed. The exchanges have now agreed on complementary Governance (G) metrics.

AML / KYC

Singapore’s PayNow to End ‘Nickname’ Feature Next Year

By Sanday Chongo Kabange | 12/09/2023

The removal of the nickname option from PayNow has been prompted by growing cases of scams and a need to bolster online security.

Securities / Derivatives

Singapore Exchange Reorganises Capital Markets Business Units

By Editors | 12/09/2023

The debt capital market and corporate client coverage units have been folded into SGX’s equity capital markets division.

Fintech / Regtech

MAS to Exempt Some Market Operators from ACH/RCH Rules

By Editors | 10/09/2023

The exemption applies to platforms that provide services to facilitate trading and settlement, but don’t actually act as a central counterparty of clear or settle trades centrally.

ESG / Sustainability

SGX RegCo Seeks to Align Listing Rules with ISSB Standards

By Jill Wong | 07/09/2023

SGX Regco is seeking to align listing rules with ISSB Standards by year-end in order to guide companies on how to explain the impact of climate change on their business.

Fintech / Regtech

SGX Gains Connectivity to FIA Tech’s Trade Data Network 

By Editors | 07/09/2023

The new connectivity will give SGX members greater transparency into their trade give up/ take in process.

Crypto / Digital Assets

MAS Grants RMO Licence to Digital Asset Exchange AsiaNext

By Editors | 06/09/2023

AsiaNext, formed in 2021 as a joint venture between SBI Digital Asset Holdings and SIX Group, will cater exclusively to institutions.

AML / KYC

ACRA Working on Bill to Cap Nominee Directorships – Report

By Editors | 06/09/2023

Amendment bill may also increase financial penalties for corporate service providers that breach their AML obligations.

Singapore Launches New Framework for Intangible Asset Disclosures

By Editors | 06/09/2023

The framework provides a systematic and consistent way for companies to disclose and communicate intangible assets to lenders, board members and investors.