singapore - Banking & Finance

Securities and Futures (Offers of Investments) (Business Trusts) (No. 2) (Amendment) Regulations 2018

These Regulations come into operation on 9 July 2018.
Date: 08 June 2018; Type: Federal Subsidiary Legislation; Citation: No. S 383; Source: Singapore Statutes Online

Securities and Futures (Offers of Investments) (Collective Investment Schemes) (Amendment) Regulations 2018

These Regulations come into operation on 9 July 2018.
Date: 08 June 2018; Type: Federal Subsidiary Legislation; Citation: No. S 384; Source: Singapore Statutes Online

Securities and Futures (Offers of Investments) (Shares and Debentures) (Amendment) Regulations 2018

These Regulations come into operation on 9 July 2018.
Date: 08 June 2018; Type: Federal Subsidiary Legislation; Citation: No. S 382; Source: Singapore Statutes Online

Financial Advisers (Amendment) Regulations 2018

These Regulations come into operation on 9 July 2018.
Date: 08 June 2018; Type: Federal Subsidiary Legislation; Citation: No. S 385; Source: Singapore Statutes Online

Securities and Futures (Capital Markets Products) Regulations 2018

These Regulations come into operation on 9 July 2018.
Date: 08 June 2018; Type: Federal Subsidiary Legislation; Citation: No. S 380; Source: Singapore Statutes Online

Securities and Futures (Licensing and Conduct of Business) (Amendment) Regulations 2018

These Regulations come into operation on 9 July 2018.
Date: 08 June 2018; Type: Federal Subsidiary Legislation; Citation: No. S 381; Source: Singapore Statutes Online

Financial Advisers (Amendment No. 2) Regulations 2018

These Regulations come into operation on 10 December 2018.
Date: 08 June 2018; Type: Federal Subsidiary Legislation; Citation: No. S 386; Source: Singapore Statutes Online

Consultation Paper on the Guidelines on Provision of Financial Advisory Service and Design of Advisory and Sales Forms

The Monetary Authority of Singapore (MAS) proposes to issue guidelines to provide greater clarity on what would constitute the provision of financial advisory service under the Financial Advisers Act. The guidelines set out the context and circumstances which MAS considers when assessing if a person is acting as a financial adviser. MAS invite ...
Date: 04 June 2018; Type: Consultation Paper; Source: Monetary Authority of Singapore

Payment and Settlement Systems (Finality and Netting) (Amendment) Act 2018 (Commencement) Notification 2018

The Payment and Settlement Systems (Finality and Netting) (Amendment) Act 2018 comes into operation on 6 June 2018.
Date: 05 June 2018; Type: Federal Subsidiary Legislation; Citation: No. S 371; Source: Singapore Statutes Online

Payment and Settlement Systems (Finality and Netting) (Designated System) (CLS System) (Amendment) Order 2018

This Order comes into operation on 6 June 2018.
Date: 05 June 2018; Type: Federal Subsidiary Legislation; Citation: No. S 372; Source: Singapore Statutes Online

Payment and Settlement Systems (Finality and Netting) (Designated System) (New MAS Electronic Payment and Book-Entry System) (Amendment) Order 2018

This Order comes into operation on 6 June 2018.
Date: 05 June 2018; Type: Federal Subsidiary Legislation; Citation: No. S 373; Source: Singapore Statutes Online

Payment and Settlement Systems (Finality and Netting) (Designated Systems) (Cheque Clearing and GIRO Systems) (Amendment) Order 2018

This Order comes into operation on 6 June 2018.
Date: 05 June 2018; Type: Federal Subsidiary Legislation; Citation: No. S 374; Source: Singapore Statutes Online

CAD and MAS warn Investors about trading on unregulated Online Platforms

Singapore, 31 May 2018 - The Commercial Affairs Department (CAD) of the Singapore Police Force and Monetary Authority of Singapore (MAS) advise the public to exercise extreme caution when dealing with unregulated online trading platforms.
Date: 31 May 2018; Type: Industry Updates; Source: Monetary Authority of Singapore

Monetary Authority of Singapore (Amendment) Act 2017 (Commencement) Notification 2018

This is to notify the commencement of the Monetary Authority of Singapore (Amendment) Act 2017. Sections 9, 34, 36(5), 37 and 41(a) comes into operation on 4 June 2018, and Sections 10, 11, 12, 15, 16, 33, 35, 36(2) and (3), 41(b), 43(a) and (b), 44, 45, 46(c) and (d), 47 and 48(b) comes into operation on 5 June 2018.
Date: 01 June 2018; Type: Federal Subsidiary Legislation; Citation: No. S 364; Source: Singapore Statutes Online

New MAS Rules on Reporting Short Positions to kick in on October 1

Investors with short positions above a certain threshold will soon have to report them to the Monetary Authority of Singapore (MAS), and not just the bourse operator.
Date: 29 May 2018; Type: Legal News; Source: Singapore Law Watch

MAS issues Statement of Commitment to the FX Global Code

Singapore, May 28 - The Monetary Authority of Singapore (MAS) today issued a statement affirming its commitment to the Foreign Exchange Global Code (Code) developed by the Bank for International Settlements (BIS). MAS will adhere to the principles of the Code when acting as a market participant and ensure that its internal practices and processes a ...
Date: 28 May 2018; Type: Industry Updates; Source: Monetary Authority of Singapore

Licensed Moneylending Director, Teh Chee Wee, fined $6,800 for Breaches of Moneylending Laws

The Registry of Moneylenders, a department under the Ministry of Law, brought charges in the State Courts on 18 December 2017 against Teh Chee Wee (郑 志 威), 42 years old, the director of the moneylending company, RTG Credit (S) Pte Ltd.
Date: 23 May 2018; Type: Legal News; Source: Ministry of Law

Warning on Fraudulent Email and Website impersonating MAS

Singapore, May 24 - The Monetary Authority of Singapore (MAS) have alerted the public to fraudulent emails impersonating MAS that attempt to get recipients to divulge their bank account IDs and passwords. Members of the public are advised not to click on the links in these emails or divulge any personal information including login IDs or passwords.
Date: 24 May 2018; Type: Industry Updates; Source: Monetary Authority of Singapore

MAS warns Digital Token Exchanges and ICO Issuer

Singapore, May 24 - The Monetary Authority of Singapore (MAS) has warned eight digital token exchanges in Singapore not to facilitate trading in digital tokens that are securities or futures contracts without MAS’ authorisation. It also warned an Initial Coin Offering (ICO) issuer to stop the offering of its digital tokens in Singapore.
Date: 24 May 2018; Type: Industry Updates; Source: Monetary Authority of Singapore

The Fifth Asian Monetary Policy Forum discusses Regional Economic and Financial Issues

Singapore, May 25 - The Asian Monetary Policy Forum (AMPF) convenes today at the Shangri-La Hotel for the fifth consecutive year. Held in conjunction with the annual conference of the Asian Bureau of Finance and Economic Research (ABFER) that took place from 21-24 May 2018, the Forum is co-organised and funded by the University of Chicago Booth Sch ...
Date: 25 May 2018; Type: Industry Updates; Source: Monetary Authority of Singapore

INDUSTRY UPDATES

DOJ-OOC continues Conduct of Judicial Training on Cybercrime for the ASEAN Prosecutors and Judges

The Department of Justice - Office of Cybercrime (DOJ-OOC), in partnership with the Supreme Court of the Philippines and the Global Action on Cybercrime Extended (GLACY+) Project, is set to conduct the Advanced Judicial Training Course on Cybercrime and Electronic Evidence for Judges, Magistrates and Prosecutors for the ASEAN Region in Cebu, Philippines on 19-22 June 2018.

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INDUSTRY UPDATES

DOJ Chief: Amended Constitution must clarify Impeachment Rules

MANILA, June 21 (PNA) - The country's Constitution, once amended, must clarify the rules on impeachment to avoid controversies in the future, Justice Secretary Menardo Guevarra said on Thursday.

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INDUSTRY UPDATES

Guevarra on granting Fox's Appeal: 'it's following the Rule of Law'

MANILA, June 21 (PNA) - Justice Secretary Menardo Guevarra on Thursday clarified that he is just following the rule of law when he granted the appeal of Australian nun Sr. Patricia Fox to reverse the Bureau of Immigration's decision forfeiting her visa and ordering her to leave the country.

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INDUSTRY UPDATES

UK eases Visa Application Processes for Indonesian Students

Jakarta, June 20 (ANTARA News) - The United Kingdom (UK) Visas & Immigration service is easing visa application processes for Indonesian students by reducing the documentation requirements for Tier-4 student visa applicants.

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INDUSTRY UPDATES

Indonesia, Finland achieve Significant Increase in Bilateral Ties

Jakarta, June 21 (ANTARA News) - Indonesia and Finland have achieved a significant increase in bilateral ties in 2017, Indonesian Foreign Minister Retno LP Marsudi said.

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INDUSTRY UPDATES

Some Workers at Thai Factory agree to Compensation

Half of the nearly 300 Myanmar workers who were sacked by a fishing net factory in Thailand have agreed to a promise by their employer to pay them 13 days of unpaid wages.

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INDUSTRY UPDATES

KPKT reviews National Housing Policy - Zuraida

KUCHING, June 21 (Bernama) - The Ministry of Housing and Local Government (KPKT) is reviewing the national housing policy to ensure it is suitable to the current situation in the country, said its minister Zuraida Kamaruddin.

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INDUSTRY UPDATES

Government under rising pressure to correctly tax Ride-Hailing Companies

Since June 13, ride hailing companies operating in Yangon have been obliged to pay income and commercial tax to the Yangon government under the law, U Myint Thaung, regional minister of Planning and Finance said in parliament.

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INDUSTRY UPDATES

PM Prayut: Death Penalty is Legitimate and most People agree

BANGKOK, June 20 (NNT) - The Prime Minister, Gen. Prayut Chan-o-cha, has voiced support for the execution of convicted murderers.

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INDUSTRY UPDATES

Government welcomes Opinions about Implementation of Thailand 4.0 Policy

BANGKOK, June 19 (NNT) - The government continues efforts to implement the Thailand 4.0 policy while welcoming opinions from all sides on helping to achieve its goal.

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INDUSTRY UPDATES

On World Refugee Day, De Lima files Bill to protect Refugees and Stateless Persons

In observance of World Refugee Day, Opposition Senator Leila M. de Lima today filed a measure seeking to promote and protect the rights of refugees and stateless persons in the country and prescribe a fair procedure for their status determination and eligibility.

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INDUSTRY UPDATES

MoF invites Feedback on proposed changes to the Income Tax Act

The Ministry of Finance have invited interested parties to provide feedback on the draft Income Tax (Amendment) Bill 2018 from 20 June to 11 July 2018.

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INDUSTRY UPDATES

Labor Ministry aims to find Jobs for 100,000 Unemployed Graduates

BANGKOK, June 19 (NNT) - The Labor Minister, Pol. Gen. Adul Sangsingkeo, said the Ministry of Labor aims to find jobs for about 100,000 unemployed graduates within three months.

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INDUSTRY UPDATES

Ex-President Aquino sued over DAP Mess

MANILA, June 20 (PNA) - Ombudsman Conchita Carpio Morales has indicted former President Benigno Simeon Aquino III for usurpation of legislative powers in connection with the alleged anomalous Disbursement Acceleration Program (DAP).

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INDUSTRY UPDATES

Duterte appoints CA, Sandiganbayan Associate Justices

MANILA, June 20 (PNA) - President Rodrigo R. Duterte has appointed new associate justices at the Court of Appeals (CA) and Sandiganbayan. Duterte appointed Emily Aliño-Geluz as CA Associate Justice and Georgina Dumpit Hidalgo as Sandiganbayan Associate Justice.

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