Singapore

Publications: 02 MARCH 2020

Singapore Legal Update - February 2020

All the latest legal news & updates from Singapore during February 2020.

Publications: 02 MARCH 2020

SGX consultation on enhancements to the regulatory regime for property valuation and auditors

Singapore Exchange Regulation (SGX RegCo) issued a Consultation Paper on Enhancements to the Regulatory Regime for Property Valuation and Auditors on 16 January 2020.  

Publications: 02 MARCH 2020

Payment services act came into force on 28 January 2020

The Payment Services Act (PS Act) came into force on 28 January 2020. Persons carrying on any one or more of the activities specified in the PS Act will require a licence under the PS Act unless there is an applicable exemption. Similar to the regulatory framework that the MAS utilises in the capital markets and financial advisory space, the PS Act creates a modular licensing framework for seven payment activities across three overarching licence categories. 

Publications: 02 MARCH 2020

Listing rules amended to enhance disclosures for various transactions

The Singapore Exchange (SGX) has amended the Listing Rules to enhance disclosures in relation to various transactions. The transactions affected include the provision of loans, guarantees and other forms of financial assistance; the acquisition and disposal of assets; changes in capital; and interested person transactions. The amendments took effect from 7 February 2020.