Regulatory Compliance Updates November 2022 – APAC Region - Waystone

      Regulatory Compliance Updates November 2022 – APAC Region

      29 November 2022 – Compliance Toolkit for Approvals Notifications and Other Regulatory Submissions to MAS for Special Purpose Reinsurance Vehicles

      This Compliance Toolkit is designed to guide and facilitate special purpose reinsurance vehicles’ compliance with the various MAS approval and reporting requirements and timelines.

      To view the toolkit, please click here.

      29 November 2022 – ID 16/22 Publication of Compliance Toolkits for Captive Insurers and Special Purpose Reinsurance Vehicles

      Informs captive insurers and special purpose reinsurance vehicles of the Compliance Toolkits for Approvals, Notifications and Other Regulatory Submissions to MAS.

      To view the publication, please click here.

      29 November 2022 – Compliance Toolkit for Approvals Notifications and Other Regulatory Submissions to MAS for Captive Insurers

      This Compliance Toolkit is designed to guide and facilitate captive insurers’ compliance with the various MAS approval and reporting requirements and timelines.

      To view the toolkit, please click here.

      29 November 2022 – Compliance Toolkits for Approvals, Notifications and Other Regulatory Submissions to MAS for Merchant Banks.

      This Compliance Toolkit aims to guide and facilitate merchant banks’ understanding and compliance with the various MAS approval, notification, and reporting requirements and timelines.

      To view the toolkit, please click here.

      29 November 2022 – Compliance Toolkits for Approvals, Notifications and Other Regulatory Submissions to MAS for Wholesale Banks and Full Banks

      This Compliance Toolkit aims to guide and facilitate wholesale banks’ and full banks’ understanding and compliance with the various MAS approval, notification, and reporting requirements and timelines.

      To view the toolkit, please click here.

      24 November 2022 – FAQs on the Licensing and Registration of Fund Management Companies

      Provides guidance on the requirements and procedures to apply to be a fund management company, and to appoint representatives to carry out fund management activities.

      To view the FAQs, please click here.

      17 November 2022 – Former CEO, CFO and Independent Directors of Hyflux Ltd charged with offences under the Securities and Futures Act and the Companies Act

      The former Chief Executive Officer of Hyflux Ltd (Hyflux), Ms Lum Ooi Lin, its former Chief Financial Officer, Mr Cho Wee Peng, and four independent directors of Hyflux at the material time were charged in court for disclosure-related offences under the Securities and Futures Act (SFA). Ms Lum was further charged with an offence under the Companies Act (CA) for her failure in ensuring Hyflux’s compliance with accounting standards.

      To view the joint news release, please click here.

      16 November 2022 – Guidelines on Licensing, Registration and Conduct of Business for Fund Management Companies [SFA 04-G05]

      How to qualify to be and conduct your business as a fund manager.

      To view the document, please click here.

      11 November 2022 – Form 23A – Notice of Change of Particulars for a Registered Fund management Company or Venture Capital Fund Manager

      Form for registered fund management companies and venture capital fund managers to notify MAS of changes to their particulars and particulars of their directors, representatives, relevant professionals or shareholders. This form must be submitted within 14 days after the date of the change.

      To view the form, please click here.

      04 November 2022 – Consultation Paper on Amendments to the Insurance Act and the Insurance (Intermediaries) Regulations

      This consultation paper sets out the proposed amendments to the Insurance Act 1966 and the Insurance (Intermediaries) Regulations, which take into account regulatory and market developments, as well as aligning where appropriate, the regulatory framework for insurance with that of other financial activities regulated by MAS.

      To view the consultation paper, please click here.

       

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