On 2 December 2020, the Monetary Authority of Singapore (“MAS”) issued a consultation paper seeking feedback on proposed amendments to regulations, notices and guidelines arising from the Banking (Amendment) Act 2020 (“BAA”) and other changes.The consultation closes on 15 January 2021. Guidelines on COVID-19 in vitro diagnostic tests and their performance (2020/C 122 I/01) 1. The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has today updated its Questions and Answers on the European Benchmarks Regulation (BMR). The European Banking Authority (EBA) has published today its revised Guidelines on Internal Governance. The Q&As provide clarification on transitional provisions of the Regulation regarding critical benchmarks. MAS considers price discovery and formation to be a key element of an organised market. Forex is one of the largest markets. MAS will also update its Guidelines on the Regulation of Markets to set out its interpretation of the new definition of "organised market". The guidelines give more information on MAS's expectations of the sandbox, including the criteria for entry, MAS said. The action comes as both central banks and commercial firms are targeted by attacks via third-party systems. —(1) These Regulations are the Securities and Futures (Organised Markets) Regulations 2018 and, except for regulation 12, come into operation on 8 October 2018. 2021 will be the year when ESG regulations start to take effect, with the Sustainable Finance Disclosure Regulation (SFDR) commencing in the EU, requiring asset managers to categorise and disclose on their funds according to climate and wider environmental criteria. MAS also provides further guidance on IT outsourcing in MAS’ Technology Risk Management Guidelines. Market Supervision. The Monetary Authority of Singapore (MAS), Singapore's financial regulatory body, believes in regulating the cryptocurrency ecosystem to monitor any risks associated with crypto activities, such as money laundering and terrorist financing, while also ensuring that it doesn't stifle innovation. * * * What do capital markets do? Securities markets regulation is concerned with overseeing the circulation of information about securities that are traded, monitoring the market for the abuse of information or financial resources to manipulate market and prices and supervising the corporate governance of organised markets. b) maintain a register containing records of each of its appointed representatives’ total number of completed structured CPD training hours for each calendar year, and the principal must retain the register for a period of not less than 5 years from the end of the calendar year in which the appointed representative is appointed by the principal. Ensuring compliance with the MAS’s proposed Guidelines on Individual Accountability and Conduct will be a non-trivial exercise. A series of MOUs to deepen collaboration in financial services and innovation were announced at the 2nd Singapore-Shanghai Comprehensive Cooperation Council meeting on Friday.To continue reading... Sign in Password * Remember me Lost your password? In the capital markets sector, the IAC Guidelines apply to approved exchanges and clearing houses, approved holding companies, capital markets intermediaries, financial advisers and trust companies. The MAS Covered Entity means a person who is exempt from holding a capital markets services license under section 99(1)(a) or (b)3 of the Securities and Futures Act. specify items to be deducted from the items referred to in regulation 2A(1)(a) to (g) that are additional to those set out in the MAS notice applicable to the holder; or (c) specify items to be deducted from the adjusted net head office funds of the holder that are additional to those set out in the MAS notice applicable to the holder. MMF Regulation: ESMA updates guidelines on stress tests ESMA has published a final report on guidelines on stress test scenarios produced under Article 28 of the Regulation … guidelines on institutions governance arrangements. FCIU/N1/2017/1 - AMENDMENT NO.1 Notice For The Establishment of a Complaints Handling Function within Fi nancial Institutions (issued 01 January 2018) Notice No. including operators of organised markets for the trading of OTC derivatives. 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