Financial Advisers Complaints Handling and Resolution (CHR) Regulations 2021

On 30 November 2021, The Monetary Authority of Singapore (“MAS”) published in the Government Gazette the new Financial Advisers (Complaints…
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MAS revised Business Continuity Management Guidelines

On 6 June 2022, The Monetary Authority of Singapore (MAS) released the revised Business Continuity Management Guidelines (BCM Guidelines).
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Regulatory Updates May 2022

31 May 2022 - Information papers on environmental risk management The information papers on environmental risk management for banks, insurers…
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MAS consults on revised misconduct reporting for financial institutions

On April 2022, the Monetary Authority of Singapore (MAS) issued a Consultation Paper on Revised Notices on Misconduct Reporting Requirements…
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Regulatory Updates April 2022

28 April 2022 - Strengthening AML/CFT name screening practices MAS conducted thematic inspections on the AML/CFT name screening frameworks and…
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MAS provides an update on major investigations and highlights enforcement outcomes

The Monetary Authority of Singapore (MAS) recently provided an update on major investigations pertaining to high-profile cases in Singapore.
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MAS paper on strengthening AML/CFT name screening practices

The Monetary Authority of Singapore (“MAS”) has released an information paper after conducting a thematic review on financial institutions in…
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APAC Regulatory Updates March 2022

This APAC regulatory update covers the following areas: Consultation Paper on Draft Public Disclosure Requirements for Regulatory Capital  Publication of…
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MAS issues new sanctions in relation to Russia

On 5 March, the Ministry of Foreign Affairs Singapore released details of Singapore’s new sanctions against Russia in response to…
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Singapore issues sanctions and restrictions against Russia

On 5 March, the Ministry of Foreign Affairs Singapore released details of Singapore’s new sanctions against Russia in response to…
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Regulatory Updates February 2022

24 February 2022 - MAS issues Prohibition Order against Zeng Xuan for fraudulent and dishonest conduct MAS issued a five-year…
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MAS issues a circular on non-face-to-face customer due diligence measures

The Monetary Authority of Singapore (“MAS”) has issued a circular on non-face-to-face Customer Due Diligence (“CDD”) measures.
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Regulatory Updates January 2022

Our APAC team provides a monthly review of a wide range of Singapore regulatory compliance matters including, news, guidelines and…
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MAS to develop a framework for equitable sharing of losses arising from scams

On 4 February 2021, the Monetary Authority of Singapore (MAS) announced that, in the coming months, it will be working…
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MAS provides guidelines on the provision of Digital Payment Token services to the public

On 17 January 2022, the Monetary Authority of Singapore (MAS) issued ‘Guidelines on the Provision of Digital Payment Token Services…
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Regulatory Updates December 2021

24 December 2021 – Form 1A - Application for a Capital Markets Services Licence for Fund Management Company Form for…
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Singapore’s new fund structure – requirements for the Variable Capital Company (VCC)

Singapore introduced an alternative fund framework, Variable Capital Company (VCC),  to encourage more funds to be domiciled in Singapore and…
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