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Singapore Companies (Amendment) Act 2017 – AGM and Annual Returns

Singapore Companies (Amendment) Act 2017 – Annual General Meeting (AGM) and Annual Returns to be implemented in early 2018 The timelines for holding Annual General Meetings (AGMs) and the filing of annual returns will be aligned with the company’s FYE. This is to provide greater clarity and improve companies’ compliance…

Companies (Amendment) Act 2017 – Inward Re-Domiciliation Regime in Singapore

Companies (Amendment) Act 2017 – Inward Re-Domiciliation Regime in Singapore within first half of 2017 The Companies (Amendment) Act 2017 has introduced an inward re-domiciliation regime to allow foreign corporate entities to transfer their registration to Singapore instead of setting up subsidiaries (e.g. foreign corporate entities that may want to…

Singapore Companies (Amendment) Act 2017 – Company Seal and Register of Registrable Controllers

Singapore Companies (Amendment) Act 2017 and Limited Liability Partnerships (Amendment) Act 2017 Companies (Amendment) Bill 2017 and Limited Liability Partnerships (Amendment) Bill were passed in Parliament on 10 Mar 2017. Key legislative amendments to take effect from 31 Mar 2017 i) Company Seal With effect from 31 Mar 2017, companies…

Have you updated the Electronic Register of Members (EROM) of your Singapore Company?

One of the recent legislative changes to the Singapore Companies Act is that ACRA will maintain the Registers of Members for private companies in electronic form (EROM) from 3 Jan 2016, and companies will need to update shareholder information that will be recorded in the EROM.  In December 2015, ACRA…

MAS’s new Accredited Investor definition to impact FIs and FIs’ clients

On December 22, 2016, Posted by , In Compliance,Legal,Singapore,Singapore Law,Uncategorized, By ,,,,,,,, , With Comments Off on MAS’s new Accredited Investor definition to impact FIs and FIs’ clients

Changes to the definitions of Accredited Investors (AIs) and Institutional Investors (IIs), part of the Monetary Authority of Singapore’s (MAS) proposed changes to its capital markets regulatory framework and followed a consultation paper issued on 21 July 21 2014, will impact Singapore-based financial institutions on their policy, documentation, systems, and procedures….

MAS Issued Consultation Paper on Proposed Guidelines for Regulatory Sandbox

On June 6, 2016, Posted by , In Compliance,Singapore,Singapore Companies,Singapore Corporates,startups,Tech, By ,,,,,,,, , With Comments Off on MAS Issued Consultation Paper on Proposed Guidelines for Regulatory Sandbox

The Monetary Authority of Singapore (MAS) has issued a consultation paper on proposed guidelines for regulatory sandbox today. The regulatory sandbox will provide a safer environment for allow Fintech companies to test their new financial services in a more relaxed regulatory environment but within a well-defined space and duration. There may be…

A Reminder on Anti-Money Laundering and Countering of Financing Terrorism

The Monetary Authority of Singapore (MAS) announced on Tuesday, May 24 that it has ordered the closure of BSI Bank in Singapore over serious breaches of anti-money laundering requirements, poor management oversight of the bank’s operations, and gross misconduct by some of the bank’s staff. BSI Bank has also been fined…

Boosting China’s Overseas M&A Push by Simpler Merger Code

On May 19, 2016, Posted by , In China,China Companies,China Corporates,Compliance,Consulting,Legal, By ,,,,,,, , With Comments Off on Boosting China’s Overseas M&A Push by Simpler Merger Code

Simpler Merger Code Proposed China is planning to remove the need for State Council approval for large, sensitive outbound deals and to allow Chinese companies to vie for the same target, that is likely to further boost record overseas acquisitions by Chinese companies. The draft rules aimed at speeding up…

What does the new SEC rules mean for Crowdfunding in the States?

On May 15, 2016, Posted by , In Compliance,Legal,startups,Tech,USA, By ,,,,,,,,, , With Comments Off on What does the new SEC rules mean for Crowdfunding in the States?

New Crowdfunding Rules New crowdfunding rules taking effect on Monday will let anyone invest in startups, where startups raising money through online crowdfunding portals will be able to sell shares to people regardless of their wealth or income so long as the founders have submitted annual financial reports to the Securities and Exchange Commission…

New FinTech Bridge between UK and Singapore

On May 14, 2016, Posted by , In Compliance,Legal,Singapore,startups,Tech,UK, By ,,,,,,,,,,,, , With Comments Off on New FinTech Bridge between UK and Singapore

New FinTech bridge between UK FinTech firms and Singaporean FinTech companies Singaporean officials and FinTech companies gathered with UK FinTech companies on 11th May 2016 to celebrate the launch of the UK’s first ever FinTech Bridge, which included the signing of a regulatory cooperation agreement between the Financial Conduct Authority…