The Securities and Futures Commission (SFC) has publicly reprimanded Convoy Asset Management Limited (CAML) 1 and fined it $6.4 million pursuant to section 194 of the Securities and Futures Ordinance (SFO). CAML is licensed to carry on Type 1 (dealing in securities),...
In the wake of recent developments pertaining to the COVID-19 outbreak in Singapore, Argus Global will be adopting a ‘Work from Home’ Policy with immediate effect. We will be fully operational and will continue business as usual. We are available on...
Introduction Payment Services Act (“PSA”) came into effect in Singapore on 28 January 2020 and it streamlines payment services regulatory framework under a single piece of legislation. MAS has introduced 2 parallel regulatory frameworks. The first framework is a...
Deputy Prime Minister Heng Swee Keat introduced measures to deal with challenges such as the Coronavirus outbreak and long-term economic development on 18 February 2020. The key focus is support packages to businesses, Singaporeans and Tax updates on Financial...
The Monetary Authority of Singapore (MAS) announced that it will begin accepting applications for new digital bank licences. Interested parties have until 31 December 2019 to submit their applications. This follows the announcement in June 2019 by Mr Tharman...
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