Regulatory Compliance Updates June 2023 – APAC Region
Have a question about any of the updates below? Get in touch with our APAC compliance team today.
28 June 2023 – Consultation Paper on Proposed Code of Conduct for Environmental, Social and Governance (“ESG”) Rating and Data Product Providers
This consultation paper seeks feedback on MAS’ proposals to elevate standards and disclosures of ESG ratings and data products in Singapore via a phased and proportionate regulatory approach, starting with a voluntary industry code of conduct for ESG rating and data product providers.
To view the Consultation Paper, please click here.
21 June 2023 – FAQs on the Notice on Business Conduct Requirements for Corporate Finance Advisers
These provide guidance on the regulatory scope and requirements of the Notice on Business Conduct Requirements for Corporate Finance Advisers.
To view the FAQs, please click here.
08 June 2023 – PPD 08/2023: Implementation Timeline for the Final Basel III Reforms in Singapore
This circular provides the finalised implementation timeline for the final Basel III reforms in Singapore.
To view the Circular, please click here.
26 May 2023 – Strengthening Financial Institutions’(FIs) Countering the Financing of Terrorism (CFT) Controls
The MAS conducted an industry-wide survey of CFT-related controls, and followed up with a series of thematic reviews to assess FIs’ TF risk understanding and examine the effectiveness of their CFT-related controls. This paper sets out MAS’ key observations, and highlights its supervisory expectations that FIs should review against their own controls.
To view the Guidance, please click here.