Financial Services Bulletin December 2019
19 December 2019
Banking
Capital Markets
MAS consults on proposed changes to regulate payment token derivatives traded on approved exchanges
Consumer Protection
CCCS seeks court injunction against e-commerce retailer for using “subscription trap”
Dispute Resolution
Financial Regulatory
MAS issues Compliance Toolkit for approvals, notifications and other regulatory submissions
Tax
GST payable on overseas digital services from 1 January 2020
Income Tax Act amendments implementing changes announced in 2019 Budget in force
Regional News
Malaysia
Bank Negara Malaysia issues policy document on repurchase agreement transactions
Malaysian Parliament Lower House passes Currency Bill 2019
Myanmar
Myanmar Stamp Act amended to reduce penalty for late or insufficient payment of stamp duty
Publications
Global Legal Insights to Bribery & Corruption 2020
Practical Law Cross-border Commercial Transactions: Memorandum of Understanding Q&A 2019
Practical Law Cross-border Commercial Transactions: Confidentiality Q&A 2019
Practical Law Cross-border Commercial Transactions: Supply of Goods Q&A 2019
Practical Law Cross-border Commercial Transactions: Services Agreements Q&A 2019
Deals
S$1.54 billion proposed merger of Frasers Logistics & Industrial Trust and Frasers Commercial Trust
Issue of €1 billion guaranteed notes by Temasek Financial (I) Limited
Acquisitions and establishment of joint ventures in Myanmar insurance sector
Awards & Rankings