Events listed in Singapore
MAS Proposes Framework for Digital Asset Networks
ID 23874
The Monetary Authority of Singapore, MAS, has published a press relase to announce the publication of a new report in relation to the design of open and interoperable networks for digital assets. The report, which is titled „Enabling Open & Interoperable Networks“, was developed jointly by the Committee on Payments and Market Infrastructure (CPMI) of the Bank for International Settlements (BIS), financial institutions participating ...
MAS-led Industry Consortium Releases Toolkit for Responsible Use of AI in the ...
ID 23872
The Monetary Authority of Singapore, MAS, has published a press release to announce the release of a second version of the Veritas Toolkit which may be found via this link. Veritas is an open-source software developed by a MAS-led consortium consisting of 31 industry players that is designed to facilitate the responsible use of Artificial Intelligence (AI) in the financial industry. Specifically, it aims ...
UNDP, GLEIF and MAS to embark on Project Savannah to digitise basic ESG Credentials ...
ID 23824
The Monetary Authority of Singapore, MAS, has published a press statement to inform of a new project called Savannah „to develop digital Environmental, Social, and Governance (ESG) credentials for micro, small, and medium-sized enterprises (MSMEs)“ and promote ESG reporting among MSMEs. Specifically, project Savannah is a collaborative initiative between the United Nations Development Programme (UNDP), the Global Legal Entity Identifier Foundation (GLEIF), and MAS ...
MAS Proposes Standards for Digital Money
ID 23791
The Monetary Authority of Singapore, MAS, has published a press release to announce the publication of a whitepaper proposing „a common protocol to specify conditions for the use of digital money such as central bank digital currencies (CBDCs), tokenised bank deposits, and stablecoins on a distributed ledger“. The whitepaper introduces the concept of Purpose Bound Money (PBM), which allows senders to specify conditions for ...
FAQs on the Notice on Business Conduct Requirements for Corporate Finance Advisers
ID 23789
Following the publication of a new Notice on Business Conduct Requirements for Corporate Finance Advisers (SFA 04-N21) which will come into force on October 1, 2023, the Monetary Authority of Singapore (MAS) has now published corresponding frequently asked questions (FAQs). To recall, the notice sets out far-reaching due diligence requirements of firms and individuals engaged in providing corporate finance advisory services which encompasses all ...
Companies (Listed Foreign Companies — Exemption from Section 379) Regulations 2023
ID 23779
The Companies (Listed Foreign Companies — Exemption from Section 379) Regulations 2023 were published on Singapore Statutes Online, the official platform of the Singapore government for publicizing legal documents. These regulations exempt foreign companies from maintaining a Register of Members as required under Section 379 of the Companies Act provided that certain conditions are met. Such conditions include, but are not limited to the ...
Companies Act 1967 (Amendment of Fifteenth Schedule) Notification 2023
ID 23778
The Companies Act 1967 (Amendment of Fifteenth Schedule) Notification 2023 was published on Singapore Statutes Online, the official platform of the Singapore government for publicizing legal documents. This notification exempts foreign companies from maintaining a Register of Controllers, a Register of Nominee Shareholders, and a Register of Nominee Directors as required under Part 11A of the Companies Act provided that they are primary listed ...
Income Tax (Singapore — Mexico) (Avoidance of Double Taxation Agreement) ...
ID 23724
This Income Tax (Singapore — Mexico) (Avoidance of Double Taxation Agreement) (Modifications to Implement Multilateral Instrument) Order 2023 was published on Singapore Statutes Online, the official government platform for publicizing legal documents. The order modifies the original tax agreement signed between the two nations to adopt provisions to transpose the „Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit ...
UBS and Credit Suisse operations in Singapore to continue without interruption ...
ID 23677
The Monetary Authority of Singapore (MAS) has published a press statement in which the regulator assures that the day-to-day operations of UBS Group AG (UBS) and Credit Suisse Group AG (CS) in Singapore will not be disrupted by the legal completion of the takeover. UBS and CS will continue to operate separately in Singapore under their respective licenses, focusing on private banking and investment ...
Companies, Business Trusts and Other Bodies (Miscellaneous Amendments) Act 2023 ...
ID 23658
The Companies, Business Trusts and Other Bodies (Miscellaneous Amendments) Act 2023 (Commencement) Notification 2023 was published on Singapore Statutes Online, the government’s website for publicizing legal documents. The notification informs of the final implementation date of the remaining provisions of the Companies, Business Trusts and Other Bodies (Miscellaneous Amendments) Act 2023, namely sections 3, 4, 5, 7 to 14 and 28 of the amendment ...