News & Analysis as of

Financial Institutions Financial Services Industry Monetary Authority of Singapore

A&O Shearman

Combatting payment account fraud: latest regulatory developments in Singapore

A&O Shearman on

On 25 October 2023, the Monetary Authority of Singapore (MAS) and the Infocomm Media Development Authority (IMDA) jointly published a consultation paper on a proposed Shared Responsibility Framework (SRF) in relation to...more

Latham & Watkins LLP

MAS publishes Code of Conduct for ESG Rating and Data Product Providers

Latham & Watkins LLP on

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

Latham & Watkins LLP

Monetary Authority of Singapore Introduces Investor Protection Measures For Digital Tokens

Latham & Watkins LLP on

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

Morgan Lewis

Cryptocurrency Not Recognised as Money, Singapore High Court Rules

Morgan Lewis on

The Singapore High Court recently rejected Algorand Foundation’s application to liquidate Three Arrows Capital based on a claim of 53.5 million USD Coin (USDC)—a form of cryptocurrency also known as a stablecoin, designed to...more

Latham & Watkins LLP

Singapore’s Green Finance Industry Taskforce Launches Final Consultation on Green and Transition Taxonomy

Latham & Watkins LLP on

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

Morgan Lewis

New Financial Services and Markets Bill to Enhance Monetary Authority of Singapore’s Powers

Morgan Lewis on

The Financial Services and Markets Bill 2022, the goal of which is to address risks and challenges that impact institutions across the financial sector, was recently moved for first reading in the Parliament of Singapore on...more

Morgan Lewis

New Guidelines Discourage Cryptocurrency Trading by General Public in Singapore

Morgan Lewis on

The Monetary Authority of Singapore (MAS) has issued new guidelines discouraging service providers of digital payment tokens (DPT), commonly known as cryptocurrencies, from promoting their services to the general public or...more

Hogan Lovells

Empowering Singapore’s Financial Institutions through COSMIC Power SEA View, Article XIV: October 2021

Hogan Lovells on

After a summer hiatus, we return with a warning of imminent AML controls; a trend we witness across the region. On 1 October 2021, the Monetary Authority of Singapore (“MAS”) published a Consultation Paper on the FI-FI...more

Hogan Lovells

Financial institutions general regulatory news, July 2021

Hogan Lovells on

UK and Singapore Financial Partnership on financial services HM Treasury has announced that it has agreed a new "Financial Partnership" between the UK and Singapore which will support increased financial services between the...more

Morgan Lewis

Monetary Authority of Singapore Outlines Priorities for Financial Regulatory Enforcement

Morgan Lewis on

The Monetary Authority of Singapore published its inaugural Enforcement Report on March 20, giving an overview of prior enforcement efforts in the financial markets during the period of July 2017 to December 2018. The report...more

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