What is a Collective Investment Scheme (CIS)? A Collective Investment Scheme is an arrangement in respect of any underlying investments/assets which satisfies the following elements: Participants have no day-to-day control…
Introduction The Markets in Crypto-Assets Regulation (MiCA) represents a landmark piece of European legislation designed to comprehensively regulate the rapidly evolving crypto-asset market. It is also seen as the end…
The Fund Management sector in Singapore is a mature market, and now caters to various types of investors and their specific needs. Fund Management today can primarily be grouped into…
The Monetary Authority of Singapore (MAS) conducted a thematic review of financial institutions' Artificial Intelligence (AI), including Generative AI model risk management practices in mid-2024. The review highlighted several key…
Who is the Wolfsberg Group?The Wolfsberg Group (the Group) is an alliance of 13 global banks formed in 2000 to develop anti-money laundering and counter-terrorist financing guidelines. Its members collaborate…
The regulators in Singapore have been busy in recent times, issuing multiple circulars and information papers detailing the expected market standards and supervisory expectations for Financial Institutions (FIs) in relation…
For fund management companies in Singapore, liquidity risk refers to the risk that the Fund vehicles they manage may not have sufficient cash or liquid assets to meet obligations when…
Technology is an inevitable part of the financial industry as Financial Institutions (FIs) continue to adopt cutting-edge technologies for operational efficiency and for better service delivery to their clients. As…
With the repeal of the Registered Fund Management Company (RFMC) regime, all Fund Management Companies (FMCs) are now under the Capital Markets Services License (CMSL) regime, broken down for Retail…
There have been an array of new circulars, guidelines and announcements from the Monetary Authority of Singapore (MAS) recently, relating to the improvement of Anti-Money Laundering/ Countering the Financing of…