Category Archives: Compliance

Home »  Compliance

Singapore VC Fund Manager Regime

On August 1, 2018, Posted by , In Compliance,Family Office,Legal,Singapore,Singapore Law, By ,, , With Comments Off on Singapore VC Fund Manager Regime

Singapore VC Fund Manager Regime was announced by the Monetary Authority of Singapore (MAS) on 20th October 2017.The activity of fund management is defined in the Second Schedule to the Securities and Futures Act (SFA). Previously, VC managers were subjected to the same regulatory framework as Licensed Fund Management Companies…

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…

Fintech set up in Singapore?

Fintech startups looking to establish a presence in Asia will be thrilled to know that Singapore intends to grow the Fintech space and promote Singapore as a Fintech Hub. What are the key developments that has taken place so far? The Monetary Authority of Singapore (MAS) has formed a FinTech…

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…

Contact Us On WhatsApp