Property agents and observers say existing measures may not be foolproof amid a lack of resources, manpower and expertise.

Credit And Security — Money and moneylenders

The Monetary Authority of Singapore has responded to feedback on its proposal to repeal the regulatory regime for Registered Fund Management Companies (RFMCs) and application of such RFMCs to become Licensed Fund Management Companies (LFMCs). This article sets out the timing of repeal and application process, details in relation to the application form, considerations in reviewing applications, continuity of operations, applicable requirements and unsuccessful applicants.

This update highlights developments relating to the launch of the Singapore Sustainable Finance Association by the Monetary Authority of Singapore and the expansion of the Enterprise Financing Scheme – Green announced during Budget 2024.

This article highlights three key FinTech trends in Singapore in 2023 which saw the Monetary Authority of Singapore actively taking the lead in numerous areas, including the launch of the Orchid Blueprint.

Effective: 2 April 2024

Effective: 2 April 2024

MAS Response Date: 2 April 2024

MAS Response Date: 2 April 2024

GST charged on the affected transactions ranged from below $1 to about $1,500.

Central bank amends regulations to expand the scope of payment services under its regulation.

The Monetary Authority of Singapore said legislation which set out the legal basis and safeguards for such sharing also comes into effect on April 1.

The issue of taking security over cryptoassets comes to the force in the financing of cryptoasset investment, as Singapore looks to address the associated money laundering and terrorism financing risks. This update takes a brief look at the position of the Singapore courts in the treatment of cryptoassets as property.

Effective: 1 April 2024

Start: 28 March 2023
Close: 29 April 2024

MAS Response Date: 28 March 2024

MAS Response Date: 28 March 2024

MAS Response Date: 28 March 2024

Revised: 27 March 2024

A High Court judge in October 2023 refused bail for Vang, saying there was a risk of Vang absconding as he had obtained passports from Turkey, Vanuatu and Cambodia.