Payment Service Provider Licence Application – MAS issues amendments to its Guidelines

The Monetary Authority of Singapore (MAS) has published amendments to its Guidelines on Licensing for Payment Service Providers [PS –…
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Regulatory Compliance Updates July 2024 – APAC Region

This APAC regulatory update includes – The Guidelines on Risk Management Practices – Internal Controls – Section 3.13 on “Securitisation”;…
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Establishing the sources of wealth of customers – MAS issues new circular

On 26 July, MAS issued a new circular on establishing the sources of wealth (“SOW”) of customers.
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Updates to Singapore's Money Laundering National Risk Assessment and Terrorism Financing National Risk Assessment

As part of Singapore’s continuing efforts to maintain the effectiveness of its anti-money laundering and countering the financing of terrorism…
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Regulatory Compliance Updates June 2024 – APAC Region

This APAC regulatory update includes – the Publication of Final Amendments to Over-The-Counter (“OTC”) Derivatives Reporting Regulations and Revised Guidelines…
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Guidelines on fair dealing – board and senior management responsibilities for delivering fair dealing outcomes to customers (FSG-G04)

Following the update on the revised guidelines, all financial institutions (FIs) will be expected to incorporate key principles of fair…
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Singapore regulatory outlook and trends

Business Continuity Management Guidelines The Monetary Authority of Singapore’s (MAS) revised Business Continuity Management Guidelines are applicable to all financial…
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Regulatory Compliance Updates May 2024 – APAC Region

This APAC regulatory update includes – SFA 04-N23 Notice on Fund Data Submission Requirements for Managers of Specified Collective Investment…
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Revised reporting requirements for OTC derivative contracts

The Monetary Authority of Singapore’s (MAS) has published the revised OTC derivatives reporting requirements under the Securities and Futures (Reporting…
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Regulatory Compliance Updates April 2024 – APAC Region

This APAC regulatory update includes – PSN07 Notice on Conduct, PSN02 Notice on Prevention of Money Laundering and Countering the…
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Timeline confirmed for Singapore to repeal Registered Fund Management Companies regime

The Monetary Authority of Singapore (MAS) have announced the repeal of the regulatory regime for Registered Fund Management Companies (RFMCs)…
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Regulatory Compliance Updates March 2024 – APAC Region

This APAC regulatory update includes – Prevention of Money Laundering and Countering the Financing of Terrorism.
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Good practices for auditors of fund management companies

Auditors are a key stakeholder when promoting strong internal controls, risk management practices and business conduct by Fund Management Companies…
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Latest updates from MAS on Anti-Money Laundering - what you need to know

The Monetary Authority of Singapore (MAS) views Anti-Money Laundering (AML) as a critical component of its regulatory framework, aimed at…
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Regulatory Compliance Updates February 2024 – APAC Region

This APAC regulatory update includes – Guidelines on Licensing, Registration and Conduct of Business for Fund Management Companies.
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New location for Waystone’s Singapore operation as demand for its services continues to grow

Waystone has moved its Singapore operation to a new, central location in the heart of the financial district. In a…
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MAS responds to feedback on proposals to mandate reference checks for financial industry

The Monetary Authority of Singapore (MAS) has officially published its response to the feedback received on its proposals to mandate…
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Regulatory Compliance Updates November & December 2023 – APAC Region

This APAC regulatory update includes – Mandating of Reference Checks, Financial Review of 2023.
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