singapore - Banking & Finance

Warning on Fraudulent Emails impersonating MAS

Singapore, Oct 6 - The Monetary Authority of Singapore (MAS) have warned the public of fraudulent emails purportedly sent from @mas.gov.sg email accounts with subject titles like “Fund Transmittal” and “Singapore Compliance Information”. The emails ask recipients to click on links or open attachments which con ...
Date: 06 October 2018; Type: Industry Updates; Source: Monetary Authority of Singapore

MAS issues Guidelines to facilitate Provision of Digital Advisory Services

Singapore, Oct 8 - The Monetary Authority of Singapore (MAS) today issued the Guidelines on Provision of Digital Advisory Services, to facilitate the provision of these services in Singapore. The guidelines incorporate feedback from the public consultation as well as learning points from MAS’ engagements with the industry.
Date: 08 October 2018; Type: Legal News; Source: Monetary Authority of Singapore

Financial Advisers (Amendment) Act 2015 (Commencement) Notification 2018

This is to notify that Section 7(b) of the Financial Advisers (Amendment) Act 2015 comes into operation on 8 October 2018.
Date: 01 October 2018; Type: Federal Subsidiary Legislation; Citation: No. S 614; Source: Singapore Statutes Online

Financial Advisers (Remuneration) (Amendment) Regulations 2018

These Regulations come into operation on 8 October 2018.
Date: 02 October 2018; Type: Federal Subsidiary Legislation; Citation: No. S 641; Source: Singapore Statutes Online

Securities and Futures (Offers of Investments) (Shares) (Exemption for Units of Shares) (Amendment) Regulations 2018

These Regulations come into operation on 8 October 2018.
Date: 02 October 2018; Type: Federal Subsidiary Legislation; Citation: No. S 653; Source: Singapore Statutes Online

Securities and Futures (Offers of Investments) (Use of Term "Real Estate Investment Trust") (Amendment) Order 2018

This Order comes into operation on 8 October 2018.
Date: 02 October 2018; Type: Federal Subsidiary Legislation; Citation: No. S 649; Source: Singapore Statutes Online

Securities and Futures (Prescribed Debentures) Regulations 2018

These Regulations come into operation on 8 October 2018.
Date: 01 October 2018; Type: Federal Subsidiary Legislation; Citation: No. S 625; Source: Singapore Statutes Online

Securities and Futures (Offers of Investments) (Exemption for Offers of Straight Debentures) (Amendment) Regulations 2018

These Regulations come into operation on 8 October 2018.
Date: 01 October 2018; Type: Federal Subsidiary Legislation; Citation: No. S 634; Source: Singapore Statutes Online

Securities and Futures (Offers of Investments) (Exemption for Offers of Post-seasoning Debentures) (Amendment) Regulations 2018

These Regulations come into operation on 8 October 2018.
Date: 01 October 2018; Type: Federal Subsidiary Legislation; Citation: No. S 635; Source: Singapore Statutes Online

Securities and Futures (Offers of Investments) (Exemption for AIA Agency Share Purchase Plan) (Amendment) Regulations 2018

These Regulations come into operation on 8 October 2018.
Date: 01 October 2018; Type: Federal Subsidiary Legislation; Citation: No. S 633; Source: Singapore Statutes Online

Securities and Futures (Offers of Investments) (Collective Investment Schemes) (Exemption from Prospectus Requirements) Regulations 2018

These Regulations come into operation on 8 October 2018.
Date: 01 October 2018; Type: Federal Subsidiary Legislation; Citation: No. S 624; Source: Singapore Statutes Online

Securities and Futures (Modification of Definition of “Securities” in Section 81SF of Act) Regulations 2018

These Regulations come into operation on 8 October 2018.
Date: 01 October 2018; Type: Federal Subsidiary Legislation; Citation: No. S 626; Source: Singapore Statutes Online

Securities and Futures (Exemption from Section 99B) (Revocation) Regulations 2018

These Regulations come into operation on 8 October 2018.
Date: 01 October 2018; Type: Federal Subsidiary Legislation; Citation: No. S 620; Source: Singapore Statutes Online

Securities and Futures (Exemption from Requirement to Hold Capital Markets Services Licence) (Amendment) Regulations 2018

These Regulations come into operation on 8 October 2018.
Date: 01 October 2018; Type: Federal Subsidiary Legislation; Citation: No. S 630; Source: Singapore Statutes Online

Securities and Futures (Closed-End Fund) (Excluded Arrangements) (Cancellation) Notification 2018

This Notification comes into operation on 8 October 2018.
Date: 01 October 2018; Type: Federal Subsidiary Legislation; Citation: No. S 616; Source: Singapore Statutes Online

Securities and Futures (Clearing Facility) (Revocation) Order 2018

This Order comes into operation on 8 October 2018.
Date: 01 October 2018; Type: Federal Subsidiary Legislation; Citation: No. S 622; Source: Singapore Statutes Online

Securities and Futures (Appeals under Parts II and III of Act) (Amendment) Regulations 2018

These Regulations come into operation on 8 October 2018.
Date: 01 October 2018; Type: Federal Subsidiary Legislation; Citation: No. S 629; Source: Singapore Statutes Online

Securities and Futures (Affairs of Business Trust and Affairs of Entity) Regulations 2018

These Regulations come into operation on 8 October 2018.
Date: 01 October 2018; Type: Federal Subsidiary Legislation; Citation: No. S 623; Source: Singapore Statutes Online

Securities and Futures (Amendment) Act 2017 (Commencement) (No. 2) Notification 2018

This is to notify that Sections 55 to 59 of the Securities and Futures (Amendment) Act 2017 comes into operation on 1 October 2018.
Date: 28 September 2018; Type: Federal Subsidiary Legislation; Citation: No. S 607; Source: Singapore Statutes Online

Securities and Futures (Organised Markets) Regulations 2018

These Regulations except for regulation 12, come into operation on 8 October 2018 and regulation 12 comes into operation on 1 October 2018.
Date: 28 September 2018; Type: Federal Subsidiary Legislation; Citation: No. S 608; Source: Singapore Statutes Online

INDUSTRY UPDATES

Duterte will ‘definitely’ Order Oil Excise Tax Suspension

MANILA, Oct 15 (PNA) - Malacañang on Monday confirmed that President Rodrigo R. Duterte will soon order the temporary suspension of the second tranche of excise tax on fuel, but has yet to decide whether it will heed a senator's suggestion to suspend it "now or sooner."

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INDUSTRY UPDATES

Indonesia's proposal on Tuna Labeling approved by Asean Ministers

Jakarta, Oct 15 (ANTARA News) - Indonesia`s proposal on the ASEAN Tuna Eco-Labeling (ATEL) policy has been approved and endorsed at the ASEAN Ministers of Agriculture and Forestry (AMAF) meeting in Hanoi, Vietnam.

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INDUSTRY UPDATES

IMF-WB - Indonesia to use OECD Recommendations to set up Policies

Nusa Dua, Bali, Oct 14 (ANTARA News) - Indonesia will use a recommendation on tourism development from the OECD (Organization for Economic Cooperation Development) as one of the references in setting up policies.

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INDUSTRY UPDATES

Deterrent Punishment must be imposed if Death Sentence to be abolished - AADK

BANGI, Oct 15 (Bernama) - The National Anti-Drug Agency (AADK) urged the government to decide on appropriate punishment for drug offences, if the mandatory death sentence to be abolished, says its director-general Datuk Seri Zulkifli Abdullah.

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INDUSTRY UPDATES

Parliament building declared Smoke-Free Zone

PUTRAJAYA Oct 15 - Smoking-designated corners inside the Parliament building have been declared as smoke-free zones, effective today, said Health Minister Datuk Seri Dr Dzulkefly Ahmad.

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INDUSTRY UPDATES

Launch of Professional Mobility Framework, Social and Sustainability Bond Standards

The ASEAN Capital Markets Forum (ACMF) met in Singapore and launched two key initiatives to drive a more connected and sustainable ASEAN capital market. These initiatives complement the measures introduced by the ACMF on collective investment schemes, corporate governance, disclosure standards and capacity building.

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INDUSTRY UPDATES

IPOS Assistant Chief Executive speaks at INTA Asia-Pacific Conference

Assistant Chief Executive Mr Ng Kok Wan spoke at the International Trademark Association (INTA) Asia-Pacific Conference 2018, which took place on 11 Oct in Sydney, Australia.

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INDUSTRY UPDATES

Total Abolition of the Death Penalty - The Right Time to Do the Right Thing, says Bar

The Malaysian Bar has wholeheartedly welcomed the decision of the Malaysian Cabinet to totally abolish the death penalty in Malaysia. "We commend the Minister in the Prime Minister’s Department (Law), Datuk Liew Vui Keong, for making the announcement on 10 October 2018, which coincided with the 16th World Day Against the Death Penalty. We look forward to seeing the legislation being tabled and passed by both houses of Parliament in the Parliamentary session that begins on 15 October", said the President of the Malaysian Bar, Mr. George Varughese.

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INDUSTRY UPDATES

Singapore and Indonesia sign Bilateral Investment Treaty to promote Stronger Economic Ties

Singapore and Indonesia signed an Agreement on the Promotion and Protection of Investments, also known as the Bilateral Investment Treaty (BIT), at the Singapore-Indonesia Leaders’ Retreat in Bali, Indonesia, today. Minister for Trade and Industry Chan Chun Sing, who is attending the Leaders’ Retreat as part of the Singapore delegation, signed the agreement with Indonesian Minister for Foreign Affairs Retno Marsudi. The signing was witnessed by Prime Minister Lee Hsien Loong and Indonesian President Joko Widodo.

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INDUSTRY UPDATES

New EODB Law to impact 2020 doing Business Survey

Department of Trade and Industry (DTI) Undersecretary Rowel S. Barba said on 10 October that the new Ease of Doing Business (EODB) Act can significantly affect the country’s rankings in the upcoming 2020 Doing Business (DB) Survey if government agencies strictly implement the law.

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INDUSTRY UPDATES

SC advocates Sustainable Investing at InvestSmart Fest 2018

InvestSmart® Fest 2018, an investor education initiative by the Securities Commission Malaysia (SC), was officiated by Yang Berhormat Syed Saddiq Syed Abdul Rahman, Minister of Youth and Sports Malaysia at the Kuala Lumpur Convention Centre today.

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INDUSTRY UPDATES

Singapore needs to regain Edge in Legal Tech, says Chief Justice

Chief Justice Sundaresh Menon has urged the Singapore Academy of Law to strive to get the legal profession to step up in the area of legal technology, and help the country regain its status as the world leader.

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INDUSTRY UPDATES

EC clarifies New Election Law to Press Members

BANGKOK, Oct 12 (NNT) - The Election Commission (EC) has clarified the new election law to press members.

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INDUSTRY UPDATES

NLA approves Committee to vet Election Commission Candidates

BANGKOK, Oct 12 (NNT) - The National Legislative Assembly (NLA) has approved the establishment of a committee to vet the two Election Commission candidates.

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INDUSTRY UPDATES

369,148 Ordinance Violators apprehended in Metro Manila: NCRPO

MANILA, Oct 12 (PNA) - Close to 370,000 persons in Metro Manila were apprehended for violation of local ordinances since June this year.

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INDUSTRY UPDATES

Indonesia, Japan sign MoC on Law and Human Right

Jakarta, Oct 14 (ANTARA News) - The governments of Indonesia and Japan have signed a Memorandum of Cooperation in Law and Human Right, the Indonesian embassy in Tokyo said in a statement received here on Saturday.

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INDUSTRY UPDATES

Indonesia, Thailand Ombudsmen sign Memorandum of Understanding

Jakarta, Oct 13 (ANTARA News) - The Chairman of Ombudsman Commission of the Republic of Indonesia, Prof. Amzulian Rifai, and the Chairman of the Royal Thai Ombudsman signed a Memorandum of Understanding (MoU) on cooperation between the Indonesian Ombudsman and the Royal Thai Ombudsman in Bangkok, Thailand, on Oct 10.

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INDUSTRY UPDATES

ASEAN Secretariat seeks to improve Engagement with Private Sector

Jakarta, Oct 12 (ANTARA News) - The ASEAN Secretariat held the First ASEAN Economic Community Dialogue recently to seek a more proactive two-way communication with the private sector on matters related to the ASEAN Economic Community.

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