The voluntary code aims to enhance transparency and improve comparability and reliability of ESG data and scores.
The Monetary Authority of Singapore (MAS) has published a Code of Conduct for Providers of Environmental,...more
MAS has published new requirements for DPT service providers and a consultation paper on additional regulations and prohibitions against unfair trading practices.
On 3 July 2023, the Monetary Authority of Singapore...more
7/21/2023
/ Blockchain ,
Consultation ,
Custody ,
Financial Institutions ,
Financial Services Industry ,
Monetary Authority of Singapore ,
Payment Systems ,
Payment Tokens ,
Singapore ,
Token Sales ,
Trusts
The forthcoming guidelines will set supervisory expectations to steer financial institutions’ transition planning processes to facilitate decarbonisation efforts by their clients.
On 8 June 2023, the Monetary Authority...more
6/22/2023
/ Climate Change ,
Consultation ,
Corporate Governance ,
Environmental Social & Governance (ESG) ,
Financial Institutions ,
Monetary Authority of Singapore ,
Rating Agencies ,
Regulatory Agenda ,
Risk Factors ,
Singapore ,
Sustainability ,
Sustainable Finance
The consultation seeks feedback on its “measures-based approach” to classifying industrial activities, as well as “Do No Significant Harm” criteria.
The Green Finance Industry Taskforce (GFIT) was convened by the...more
The guidelines set out the MAS’ expectation that digital payment token service providers should not promote their services to the general public in Singapore.
On 17 January 2022, the Monetary Authority of Singapore (the...more
The guidelines aim to promote the adoption of robust practices for managing technology risks in the financial sector.
On 18 January 2021, the Monetary Authority of Singapore (the MAS) issued revised guidelines (the...more
Regulators propose new regulations for virtual asset exchanges and enhanced customer identity verification requirements, and launch an innovative commercial data interchange.
This blog post summarises key regulatory...more
12/9/2020
/ Anti-Money Laundering ,
Consultation ,
Data-Sharing ,
Financial Institutions ,
FinTech ,
Hong Kong ,
Hong Kong Monetary Authority (HKMA) ,
Hong Kong Securities and Futures Commission (HKSFC) ,
Regulatory Standards ,
Singapore ,
Trading Platforms ,
Verification Requirements ,
Virtual Currency
The proposal would require financial institutions to use certain categories of information for non-face-to-face verification before undertaking transactions or requests.
In November 2020, the Monetary Authority of...more
A collaborative project led by the Global Blockchain Business Council represents an unprecedented effort to analyze the technical and regulatory blockchain landscape.
On October 14, 2020, the Global Blockchain Business...more
Regulators consult on anti-money laundering guidelines and issue guidance on cybersecurity, best execution, and senior management accountability.
This blog post summarizes key regulatory developments in Hong Kong and...more
10/14/2020
/ AML/CFT ,
Anti-Money Laundering ,
Anti-Terrorism Financing ,
Best Execution ,
Compliance ,
Cybersecurity ,
Financial Institutions ,
Hong Kong ,
Hong Kong Securities and Futures Commission (HKSFC) ,
Regulatory Oversight ,
Regulatory Requirements ,
Senior Managers ,
Singapore
The guidelines aim to strengthen the accountability of senior managers in financial institutions.
On 10 September 2020, the Monetary Authority of Singapore (the MAS) issued guidelines (the Guidelines) to strengthen the...more
MAS confirms regulatory approach for best execution and timeline for compliance.
On 3 September 2020, the Monetary Authority of Singapore (the MAS) issued a response to feedback about its proposal for holders of a capital...more
Regulators seek to expand market connectivity for wealth management products and enhance financial institutions’ environmental risk management.
This blog post summarises key regulatory developments in Hong Kong and...more
Upgraded legislation creates an enhanced regulatory framework for the new age of payments, including e-money and digital payment tokens.
After much anticipation, and following consultations with the industry at large, the...more
1/31/2020
/ Digital Wallets ,
E-Money ,
Financial Institutions ,
Licensing Rules ,
Monetary Authority of Singapore ,
New Regulations ,
Payment Systems ,
Prepaid Payment Products ,
Regulatory Requirements ,
Singapore ,
Token Sales
MAS hopes to strengthen controls on market abuse with new client identification and record keeping requirements for FIs.
Key Points:
..In August 2019, the Monetary Authority of Singapore (MAS) proposed four new...more
8/9/2019
/ Beneficial Owner ,
Broker-Dealer ,
Capital Markets ,
Client Identification Rule ,
Electronic Identification ,
Financial Institutions ,
Market Abuse ,
Monetary Authority of Singapore ,
Penalty Enhancements ,
Recordkeeping Requirements ,
Singapore ,
Traders