Events listed in Financial Services and Markets Act 2022
Industry Perspectives on Best Practices – Management of Money Laundering, Terrorism ...
ID 24156
The Monetary Authority of Singapore (MAS) has published a press statement to inform of the availability of best practices concerning the „Management of Money Laundering, Terrorism Financing and Sanctions Risks from Customer Relationships with a Nexus to Digital Assets“. The document was prepared by the Digital Assets Risk Management Group and aims to provide financial institutions (FIs), including banks, holding companies, trust companies, fund ...
Financial Services and Markets (Amendment) Act 2023
ID 23892
Following the publication of a corresponding Bill in March 2023 and the passing of the Bill by Parliament in May this year, the new Financial Services and Markets (Amendment) Act 2023 was published on Singapore Statutes Online, the online platform of the Singapore government to publicize legal documents. The Act modifies the Financial Services and Markets Act 2022 and the [Corruption, Drug Trafficking and ...
Financial Services and Markets Act 2022
ID 23026
The Monetary Authority of Singapore, MAS, has published a statement to briefly describe the proposed implementation plan of the new Financial Services and Markets Act 2022 which modifies numerous other Acts and regulations to – expand the power of MAS with respect to prohibition orders; – align the regulation of virtual asset service providers (VASPs) with the standards set out by FATF particularly in ...
Financial Services and Markets (Dispute Resolution Schemes) Regulations 2023
ID 22974
All new Financial Services and Markets (Dispute Resolution Schemes) Regulations 2023 were published on Singapore Statutes Online, the official website of the Singapore government for publicizing legal documents. The Regulations basically replace the MAS Dispute Resolution Regulations due to the coming into force of key provisions of the Financial Services and Markets Act 2022. Most provisions are primarily relevant for dispute resolution scheme operators ...
Financial Services and Markets Act 2022 (Commencement) Notification 2023
ID 22836
The new Financial Services and Markets Act 2022 (Commencement) Notification 2023 was published on Singapore Statutes Online, the Official Journal of Singapore. The notification brings into force on April 28, 2023 most of the provisions of the Financial Services and Markets Act 2022, except for the following – as quoted: 1. Parts 3, 5, 7, 8 and 9; 2. sections 183, 193(3)(c), (6), (7)(d) ...
Financial Services and Markets (Amendment) Bill
ID 22352
The Financial Services and Markets (Amendment) Bill was recently published on Singapore Statutes Online, the online platform of the Singapore government to publicize legal documents. The Bill modifies the Financial Services and Markets Act 2022 and the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act 1992 to establish the legal framework for the implementation of the new digital platform called COSMIC, ...