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Financial Regulation

We assist clients engaged in the business of providing financial services to apply for licences under the regulatory frameworks established by the Monetary Authority of Singapore, advise clients on the licensing requirements under the regulatory regimes, and help clients comply with financial services laws, business conduct rules, and market rules in their daily operations, governance, and market transactions.

Our clients operating in such space include asset managers, banks, brokers, custodians, funds, market operators, payment service providers, and trustees.

Talk to Gerard, Kit or Teck Chai to know more about our Financial Regulation practice.

Representative Experience

  • Advised the investment arm of Malaysian Bank on treatment of capital injection as financial resources under applicable risk-based capital adequacy framework.

  • Advised a Singapore financial intermediary on the clearing arrangement with Euroclear in relation to certain financial instruments offered to investors, including advising on compliance with relevant business conduct and market rules.

  • Advised a Singapore broker on compliance with the regime regulating prime services and business conduct rules regulating holding trust monies.

  • Assisted the Singapore entity of an established global trust company on their corporate trust arrangement with a Singapore payment services provider in respect of stored value facilities exempted from licensing by the MAS, including advising on various issues under the payment services regime and reporting obligations under FATCA and CRS.

  • Assisted a leading Asian online travel portal with their application for an MPI Licence for the provision of e-wallet services and account issuance for their Singapore business.

  • Assisted a leading Singapore remittance business and money transfer services provider with their additional activities under their MPI licence that was ‘grandfathered’ under the previous regime regulating such businesses.

  • Assisted a Singapore entity with their application for an MPI Licence for the provision of e-wallet services and offering digital payment tokens in Singapore.

  • Assisted a China diversified online portal with their MPI Licence application for the provision of various financial services in Singapore as well as cross border remittance services.

  • Assisted a Swiss banking group with their application for a capital markets services licence to deal in capital markets products.