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  • Reply To New Zealand Parliamentary Question On Digital Payment Token Service Provider Applicants

    Date 26/07/2021

    Question:

    To ask the Prime Minister (a) to date, what is the total number of digital payment token service provider applicants, with a breakdown by applications that are (i) withdrawn (ii) rejected and (iii) approved; (b) what is the number of entities currently exempted from holding a licence under the Payment Services Act for the provision of digital payment token services; and (c) what is the average duration of exemption to date.

    Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS:

    1     The new Payment Services Act (“PS Act”) commenced on 28 January 2020.  As part of the transitional arrangements, entities that were engaged in regulated activities before the commencement of the Act were exempted from holding a licence if they submitted licence applications before the end of a specified grace period. The specified grace period for digital payment token (DPT) service providers ended in July 2020, six months after the commencement of the PS Act. The exemption remains in force until the applications are approved or rejected by the Monetary Authority of Singapore (MAS) or withdrawn by the applicant.

  • Reply To Singapore Parliamentary Question On Micro-Investment Products

    Date 26/07/2021

    Question:

    To ask the Prime Minister in view of a broader trend of financial institutions and companies selling micro-investment products (a) what is the situation in Singapore; and (b) how will MAS seek to regulate such products and educate Singaporeans about such investments.

    Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS:

    1     Micro-investment products, as their name suggests, require small minimum investment amounts – some as low as $1. The product range largely mirrors those of investment products available for larger minimum investment amounts. Examples of micro-investment products include regular investment savings plans, investments in exchange-traded funds, as well as private equity or debt investments. Given the small minimum investments required, these products are aimed at  retail investors.

  • Delta Capita Appoints James Baker As Chief Business Development Officer For Structured Retail Products

    Date 26/07/2021

    Delta Capita, a global provider of managed services, technology solutions and consulting, announced that it has appointed James Baker as its new Chief Business Development Officer for Structured Retail Products.

  • Vienna Stock Exchange: VOQUZ Labs Newly Listed In Direct Market Plus

    Date 26/07/2021

    The Vienna Stock Exchange announces the first trading day of VOQUZ Labs in the direct market plus. The company provides add-ons for SAP license, authorization & compliance management. For this purpose, it develops standard software for license and user management in the SAP area and offers solutions such as samQ License Management, setQ Authorization Management and Advisory Services (license consulting). At the start of trading of the auction title on the Vienna Stock Exchange, the company's representative rang the stock exchange bell. Price determination takes place once a day at 13:30.


  • Bloomberg Intelligence: MiFID III Pooled Trade Data Tape May Shine A Light On EU Markets

    Date 26/07/2021

    • Asset managers, brokers and market makers could see greater market transparency as a result of Consolidated Tape
    • However, data bills for asset managers, brokers and market makers are unlikely to go down and exchanges could see data revenue drop
    • In addition, a bloc-wide real-time data tape is unlikely to be market ready by 2025
    • Recent Bloomberg Intelligence survey revealed strong backing for creation of consolidated tape