19 December 2018
*Updated 21 February 2019
Singapore's financial regulatory agency – the Monetary Authority of Singapore ("MAS") – released "A Guide to Digital Token Offerings" (the "Guide") on 30 November 2018.
The Guide is the primary piece of regulatory guidance by the MAS that focuses on the application of Singapore's existing financial regulatory framework to digital token issuance (in certain contexts, digital token issuances may be referred to as "initial coin offerings" or "ICOs").
The Guide follows MAS's earlier clarification on 01 August 2017 that securities laws apply equally to digital tokens that constitute products regulated by securities laws, and an earlier and less comprehensive version of the Guide released on 14 November 2017.
Notably, the Guide contains eleven (11) case studies setting out various scenarios in which tokens are offered by companies, and how securities laws may apply in each. This comprehensive analysis offered by the MAS provides much-needed confirmation on how organizations ought to proceed when issuing digital tokens.
This article highlights some of the key clarifications provided by the Guide.
Post date. Edit this to change the date post was posted. Does not show up on published site. 19/12/2018
5 February 2018
P Sivakumar, K Ashwini
There are two main ways to list a company in Singapore, through the Mainboard Listing or the Catalist Listing. A company wishing to list on the Mainboard has to meet quantitative requirements. A Catalist Listing, on the other hand, does not involve any quantitative requirements and is tailored to faster-growing companies.
Post date. Edit this to change the date post was posted. Does not show up on published site. 5/2/2018
18 January 2018
P Sivakumar, K Ashwini
There are several advantages to listing a company.
Firstly, listed companies benefit from access to increased capital and cheaper sources of capital as compared to traditional bank financing.
Post date. Edit this to change the date post was posted. Does not show up on published site. 18/1/2018
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