Rather A Loan Than A Gift

Singapore's capital markets are experiencing a significant transformation driven by the MAS-led Equity Market Development Programme, which has injected S$6.5 billion in liquidity and sparked a revival in IPO activity. With over 20 companies preparing to go public and new cross-border listing infrastructure connecting SGX with Nasdaq, the market is showing signs of meaningful structural reform and growing institutional confidence.

In October 2022, the Singapore Exchange Regulation ("SGX RegCo") published the Cyber Incident Response Guide ("Guide") to provide guidance on the best practices which are pertinent...

On 25th September 2025, the Monetary Authority of Singapore (MAS) rolled out guidelines on Standards of Conduct for Digital Advertising Activities (" Guidelines") slated to gain effect from 25th March 2026.

This case affirms that certain acts of the Singapore Exchange Securities Trading Limited are subject to judicial review.

Stablecoins that do not meet these criteria, such as those pegged to non-G10 currencies or multi-currency baskets, fall outside the scope of this framework.

The Monetary Authority of Singapore (MAS) announced that the revised framework for Single Family Offices (SFOs), which provides a simple, streamlined process for SFOs to establish operations in Singapore, was brought into force on 15 June. The revised framework creates a straight through class exemption from licensing for all qualifying SFOs operating in Singapore, regardless of structure. SFOs that meet the requirements need only notify MAS of their operations and maintain an account with a MAS-licensed bank. They also have to file an annual return with information on the total assets under management and the name of their bank.

On 25 August 2016, the Monetary Authority of Singapore issued a consultation paper proposing changes to streamline the regulatory framework and governance model for Singapore's payments and remittance landscape.

Milbank LLP advised Singapore-based AGP International Holdings Pte. Ltd. ("AG&P") on its sale of a 20 percent minority stake to Osaka Gas Co. Ltd.

The Monetary Authority of Singapore has issued a consultation paper on 18 September 2015 with proposals to amend the SFA, FAA and the TCA, for the purposes of enhancing its supervisory powers and the business conduct requirements for regulated persons.

Back-testing and gap analysis should also be performed whenever any changes are made to the client-facing tool.