Regulatory Changes Affect Singapore's Business Compliance Ranking

• Annual index by TMF Group ranks 95 countries according to regulatory and compliance regimes
• Singapore's ranking worsens but it remains amongst the least complex countries in Asia
• Asia is the second most complex region to do business in from a regulatory and compliance perspective, with three countries in the top 10, behind Latin America with five countries
• Argentina tops the table in global rankings as the most complex country for business compliance for the third year running

Singapore, 16 February 2016 – Singapore remains among the least complex countries in Asia for business compliance, despite a decline in its ranking compared to 2014, according to TMF Group's Global Benchmark Complexity Index 2015. Though recent regulatory amendments have pushed the country up the complexity ranking by 17 places to 42nd position, in the long-term these changes are expected to attract more businesses to the jurisdiction as the legal and regulatory environment