Download PDF - 2 MB
Plug into Singapore’s financial services sector
Receive PwC’s take on the sector’s latest regulatory developments in your inbox every quarter.
Latest edition
March 2025
Welcome to the latest edition of our Financial Services Regulatory and Risk Update newsletter! This newsletter focuses on providing you with an update on key regulatory changes in the financial services industry in Singapore, including banks, insurers, asset managers and other regulated entities. We hope this summary will help you to keep abreast of these emerging themes, and we welcome any opportunity to discuss these with you.
Here's what you can expect in this edition:
Topic |
Description |
Who it affects |
|
New updates to regulations, notices, guidelines, or circulars |
|||
Information paper on AI model risk management (MRM), outlining good practices that were observed during a recent thematic review. |
Financial institutions |
||
Guidelines to MAS Notice 134 on recovery and resolution planning |
Guidelines for notified insurers and notified DFHCs (Licensed Insurers) on recovery and resolution planning requirements under MAS Notice 134. |
Direct insurers (life, general and composite), reinsurers (general and composite), captive insurers and financial holding companies (insurance) |
|
Press release announcing plans to support commercialisation of asset tokenisation. |
Financial institutions |
||
Good disclosure practices for retail environmental, social and governance (ESG) funds |
Information paper which sets out good disclosure practices that ESG funds may adopt. |
Retail ESG funds |
|
Notice which stipulates the obligations of AEs and RMOs in AML/CFT.
|
Approved exchanges (AEs) and registered market operators (RMOs) | ||
Industry updates |
|||
Phased commencement of the Anti-money Laundering and Other Matters Act |
Ministry of Home Affairs (MHA) announced a phased commencement of Anti-Money Laundering (AML) and Other Matters Act. |
Whole of society |
|
Previous editions
Loading...
Contact us
Kwok Wui San
Regulatory Risk and Compliance Leader, PwC Singapore
+65 8218 8727
Email
Banking and capital markets
Follow us
