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Regulatory Action

MAS imposes civil penalty of $100,000 on individual for false trading of Aspial and Far East Orchard shares

Tan had pledged her Aspial and Far East Orchard shares as collateral for share margin purposes.
Singapore’s Rise Sparks Boost in Defense Against Financial Crime - THE EDGE SINGAPORE

Regulatory Action

Singapore’s rise sparks boost in defense against financial crime

Singapore has moved to tighten oversight after a series of high profile corporate collapses and alleged frauds in recent years

Regulatory Action

Singapore's probe into Noble Group to conclude in 3Q, says MAS

Besides Noble, MAS says investigations on Hyflux, Eagle Hospitality Trust and nickel trading scam, are ongoing
MAS imposes additional capital requirement on DBS for 2-day digital services outage in Nov 2021 - THE EDGE SINGAPORE

Regulatory Action

MAS imposes additional capital requirement on DBS for 2-day digital services outage in Nov 2021

DBS Bank is required to apply a multiplier of 1.5 times to its risk-weighted assets for operational risk

Regulatory Action

Director sentenced to jail for conspiracy to cheat banks

Koryagin Vadim recruited Singaporean individuals to serve as local directors for companies set up for foreign clients.
SGX RegCo proposes new disclosures as climate change concerns arise - THE EDGE SINGAPORE

Regulatory Action

SGX RegCo proposes new disclosures as climate change concerns arise

SGX might be the first exchange in Asia to propose mandating climate disclosures in accordance with the TCFD recommendations.
MAS reprimands AIA Financial Advisers, Prudential, and two Aviva entities  - THE EDGE SINGAPORE

Regulatory Action

MAS reprimands AIA Financial Advisers, Prudential, and two Aviva entities

MAS expects financial institutions to ensure that their representatives place their customers' interests first
SGX audit, property valuation changes positive, but implementation may be challenging - THE EDGE SINGAPORE

Regulatory Action

SGX audit, property valuation changes positive, but implementation may be challenging

Overall, market observers are positive on the new audit and property valuation requirements of SGX-listed companies.
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