Regulatory Compliance Updates July 2022 – APAC Region - Waystone

      Regulatory Compliance Updates July 2022 – APAC Region

      28 July 2022 – CFC 02/2022 Disclosure and Reporting Guidelines for Retail ESG Funds

      This Circular sets out MAS’ expectations on how existing requirements under the Code on Collective Investment Schemes and the Securities and Futures (Offers of Investments) (Collective Investment Schemes) Regulations apply to retail ESG funds, and the disclosure and reporting guidelines applicable to these funds.

      To view the circular, please click here.

      28 July 2022 – Notice 637 Risk Based Capital Adequacy Requirements for Banks Incorporated in Singapore

      Risk-based capital adequacy requirements for reporting banks incorporated in Singapore.

      To view the updated notice, please click here.

      20 July 2022 – Notice 606 Provision for and Writing Off of Bad Debts [Cancelled with effect from 21 July 2022]

      Requirements for all banks in Singapore when making provisions for and writing off bad debts.

      To view more details, please click here.

      20 July 2022 – Notice 814 Provision for and Writing Off of Bad Debts [Cancelled with effect from 21 July 2022]

      Requirements for all finance companies on the provision for and writing off of bad debts.

      To view more details, please click here.

      15 July 2022 – Court convicts Ms Lee Ying Hui for carrying on fund management without a capital markets services licence

      On 15 July 2022, Ms Lee Ying Hui (Lee) was today convicted and fined $20,000 for carrying out fund management business without a capital markets services licence.

      To view more details, please click here.

      07 July 2022 – Notice 501 Quarterly Statement on Ageing of Premiums Owing to Insurers [Cancelled]

      This notice was cancelled with effect from 7 July 2022.

      To view more details, please click here.

      01 July 2022 – Guidelines on the application of banking regulations to Islamic banking

      Guidelines for all financial institutions covering MAS’ general approach to Islamic banking regulations.

      To view the guidelines, please click here.

      To learn more about these changes, contact our APAC Compliance Solutions team today.

       Next post
      Share

      More like this

      SFC Regulations on Business Continuity Plans

      As a licensed corporation (LC) under the Securities and Futures Commission (SFC) in Hong Kong, maintaining robust operational resilience is…
      Read more

      Phishing Detection and Prevention: Key Takeaways from the SFC Circular

      As phishing scams continue to impact clients and markets in 2025, the Securities and Futures Commission (SFC) issued a circular…
      Read more

      Regulatory Updates August 2025 – APAC Region

      Stay informed with our Regulatory Update Navigate the ever-evolving regulatory landscape with our Regulatory Update. Our team of compliance experts…
      Read more

      SFC Enhances Facilitative Measures for Visiting Professionals

      On 15 July 2025, the Securities and Futures Commission (SFC) issued a circular announcing enhanced measures to facilitate visiting professionals…
      Read more

      SFC Resumes Collection of Annual Licensing Fees

      The Securities and Futures Commission (SFC) issued a circular announcing the resumption of annual licensing fee collections for intermediaries and…
      Read more

      Regulatory Updates July 2025 – APAC Region

      This APAC Regulatory Update includes MAS issues guidance for financial institutions on managing technology and cyber risks from third-party service…
      Read more

      Preparing for an SFC Inspection: A Guide for Licensed Corporations

      As a corporation licensed by the Securities and Futures Commission (SFC) in Hong Kong, strict adherence to regulatory requirements is…
      Read more
      Contact us