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【Wealth Succession】SINGAPORE: Financial regulator seeks greater regulatory powers

The Financial Services and Markets Bill has been introduced to Singapore’s parliament with the aim of increasing the Monetary Authority of Singapore's (the Authority’s) regulatory powers, especially in regard to entities providing virtual asset services overseas. The Bill also gives the Authority a general power to issue a prohibition order against anyone who is not a 'fit and proper' person, preventing them from holding key roles in financial institutions and from handling funds and assets...

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