Events listed in Singapore
MAS Partners Financial Industry to Expand Asset Tokenisation Initiatives
ID 25809
The Monetary Authority of Singapore (MAS) has released a press statement to announce its collaboration with the financial industry to expand asset tokenization initiatives under Project Guardian. These initiatives aim to develop foundational capabilities for scaling tokenized markets, fostering institutional adoption of digital assets to enhance liquidity, unlock investment opportunities, and improve the efficiency of financial markets. Specifically, under Project Guardian, a ...
MAS Partners Industry to Develop Generative AI Risk Framework for the Financial ...
ID 25808
On November 15, 2023, the Monetary Authority of Singapore (MAS) published a press release to inform that it has concluded the first phase of Project MindForge which centers around the use of Generative Artifical Intelligence (GenAI) in the financial services sector. A corresponding whitepaper is expected for January 2024. While GenAI offers many benefits to market players and customers alike, such as increased efficiency ...
MAS-Led Consortium Develops AI-Powered System to Support Sustainable Finance in ...
ID 25805
The Monetary Authority of Singapore (MAS) has published a press release to inform of the introduction of a new minimum viable product (MVP) to aid banks in utilizing artificial intelligence (AI) for issuing sustainability-linked loans (SLLs) in real estate. Developed by the NovA! consortium, which was launched in 2022 as part of the National AI Programme in Finance, this MVP aims to address challenges ...
Precious Stones and Precious Metals (Prevention of Money Laundering and Terrorism ...
ID 25718
New Precious Stones and Precious Metals (Prevention of Money Laundering and Terrorism Financing) (Amendment) Regulations 2023 were published on Singapore Statutes Online, the official platform of Singapore for the publication of legal documents. The regulations modify the Precious Stones and Precious Metals (Prevention of Money Laundering and Terrorism Financing) Regulations 2019 which impose certain obligations on businesses dealing with precious stones and metals and ...
Written reply to Parliamentary Question on corporate governance standards for ...
ID 25678
In a recent parliamentary sitting, the Prime Minister of Singapore was asked about the government’s plans to enhance corporate governance for listed companies in Singapore and its ambition to adopt regulatory requirements for companies to meet specified governance standards, like achieving a minimum score on the Singapore Governance and Transparency Index. In its written response, Mr. Lawrence Wong, Deputy Prime Minister and Minister for ...
Income Tax (International Tax Compliance Agreements) (Multilateral Competent ...
ID 25661
The above named order was published on Singapore Statutes Online, the official platform of the Singapore government for publicizing legal documents. The order amends the Income Tax (International Tax Compliance Agreements) (Multilateral Competent Authority Agreement on the Exchange of Country-By-Country Reports) Order 2018 to add two more schedules for the exchange of tax information with prescribed countries. Specifically, new schedules 12 and 13 are ...
Significant Investments Review Bill
ID 25660
On November 6, 2023, the new Significant Investments Review Bill was published on Singapore Statutes Online, the official website of Singapore for publicizing legal documents. The Bill establishes a new framework to restrict (foreign) investments in „critical“ entities and to establish special rules for such „critical“ entities as to their operations and possible wind-down. The key provisions of the new bill are briefly discussed ...
Bank Indonesia and Monetary Authority of Singapore Further Extend Bilateral ...
ID 25644
The Monetary Authority of Singapore, MAS, has published a press release informing about the extension of the bilateral currency swap arrangement with the Central Bank of Indonesia (BI) for another year until November 2, 2024, comprising a maximum size of SGD 9.5 billion or IDR 100 trillion. Concurrently, the two central banks also extended over same time period a „bilateral repo agreement of USD ...
FAQs on Disclosure of Interests
ID 25637
The Monetary Authority of Singapore, MAS, has published an updated version of its frequently asked questions (FAQs) regarding the „disclosure of interest“, or – in other words – the disclosure of (beneficial) ownership as they relate to real estate investment trusts (REITs), other trusts, listed corporations, and substantial shareholders. Generally speaking, the document addresses issues such as (1) The scope and applicability of the ...
CFD 01/2023 – Modification to the Acceptable Index Requirements and the ...
ID 25573
On October 31, 2023, the Monetary Authority of Singapore (MAS) issued a circular to inform that it is modifying the threshold for a sufficiently diversified index under Appendix 5 of the Code on Collective Investment Schemes. Specifically, in an effort to allow fund managers to choose index benchmarks for their performance evaluations where the index may not be „highly diversified“ as defined under Appendix ...