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Financial Services Regulation

Our Financial Services Regulation practice covers the full range of laws and regulations relating to Singapore’s financial services market. Our lawyers regularly advise financial institutions on various aspects of financial services regulation and compliance, including authorization and licensing issues, business conduct requirements, anti-money laundering and sanctions compliance. We also advise and assist clients in applying for the requisite regulatory authorisations and licenses for conduct of activities in Singapore, as well as in developing and implementing appropriate regulatory compliance policies and procedures.

Our lawyers work closely with our Banking & Finance Practice Group colleagues to provide a full suite of services to banks and financial institutions, and we also support the Mergers & Acquisitions team in transactions involving financial institutions where regulatory issues (such as obtaining approvals or clearances) might be involved.

Our clients comprise banks, insurance companies, insurance brokerages, capital markets intermediaries, fund managers, investment advisers and market operators. 

Our team comprises experienced individuals who have spent several years working and interacting with the financial regulators on regulatory compliance matters, whether as external counsel and as in-house legal compliance professionals. The team includes an experienced director who spent seven years in legal as well as policy development roles within the Monetary Authority of Singapore, and practices in this area on a full-time basis.

We pride ourselves in having an excellent working relationship with the Monetary Authority of Singapore as well as other government agencies active in this field. We seek to advise from our knowledge of the regulatory intent and the underlying policy behind a statute rather than from a literal reading of it.

What we can do for you

  • We help financial institutions who are new to the Singapore market to understand the local regulatory framework, and work with them to obtain the requisite regulatory licences or exemptions to conduct their business or offer their services in Singapore.

  • We advise on the impact of regulatory laws on financial institutions and other businesses operating in the financial sector, offering both stand-alone advice as well as advice integrated with complex transactional work.

  • We advise financial institutions in their interactions with local regulatory agencies, particularly the Monetary Authority of Singapore, and also assist them in developing internal compliance and control policies and procedures that accord with prevailing local requirements and international best practices.

Accolades

Asialaw Profiles
Financial Services Regulatory 2014 - Highly Recommended practice for 2 consecutive years

'Drew... should be viewed as among the top experts in the field,' says another client."

Chambers Asia Pacific and Global
Banking & Finance 2014 - Leading firm

Leading Lawyer:
Sandy Foo

"one of the leading lights in the group."

“Sandy Foo is well respected for her expertise… where peers note her outstanding commercial acumen in meeting her clients' needs.”