The Commercial Affairs Department (CAD) of the Singapore Police Force, MAS and the Accounting and Corporate Regulatory Authority (ACRA) have launched a joint investigation into Hyflux Ltd (Hyflux) and its current and former directors for suspected false and misleading statements and breaches of disclosure requirements under sections 199, 203 and 253 of the Securities and Futures Act (Cap. 289), as well as non-compliance with accounting standards under section 201 of the Companies Act (Cap. 50).

MAS announced the re-appointment of two existing members to the MAS Board of Directors.

The Singapore Police Force (Police), the Infocomm Media Development Authority (IMDA) and MAS have taken action to block the website of an unregulated trading platform, Arotrade.

This consultation sets out MAS' proposed regulatory approach under the Securities and Futures Act for derivatives contracts that reference payment tokens (e.g. Bitcoin) as underlying assets.

Consultation number:

P015-2019

Start date:

20 November 2019

Closing date:

20 December 2019

MAS response date:

15 May 2020

Status:

Responded

This study by Ivan Png and Charmaine Tan was published as Special Feature C in the April 2020 Macroeconomic Review.

This study by Amit Seru was published as Special Feature B in the April 2020 Macroeconomic Review.