Financial Services Bulletin June 2026: Allen & Gledhill

29 June 2026

Banking & Finance

Singapore High Court upholds bank’s exercise of contractual discretion in managing credit risk as lender

Capital Markets

MAS responds to feedback on proposed enhancements to Product Highlights Sheet requirements and complex products framework

Competition & Foreign Investment Review

CCS enforcement action against “dark patterns”: Three online retailers used false urgency tactics and misleading claims to pressure shoppers

Antitrust developments and enforcement activity in South-east Asia: October to December 2025

Corporate / M&A

First phase of commencement of key changes under Corporate and Accounting Laws (Amendment) Act 2025

Dispute Resolution

ICC Arbitration Rules 2026 released: Key changes and practical implications

ESG & Public Policy

Enterprise Singapore launches standard on sustainability excellence (TR 149) to strengthen business competitiveness

ASEAN member states conclude negotiations on landmark Digital Economy Framework Agreement

Financial Regulatory & Compliance

MAS responds to feedback on proposed amendments to advertisement regulations and introducer notice to enhance safeguards for digital advertising activities

MAS consults on proposed amendments to notices on technology risk management

MAS to implement amendments to regulatory framework for large exposures of Singapore-incorporated merchant banks and Singapore-incorporated banks

Private Wealth

MAS publishes circular on risk-proportionate source of wealth establishment; PBIG to enhance customer onboarding processes

Real Estate

Coastal Protection and Other Amendments Act 2026 to safeguard Singapore’s coastline against rising sea levels and extreme weather events largely in force

Restructuring & Insolvency

MinLaw accepts recommendations by Committee to Enhance Singapore’s Corporate Restructuring and Insolvency Regime

Singapore Court of Appeal affirms High Court decision on the fiduciary duties of a director of an insolvent or financially parlous company

Tax

MOF seeks comments on proposed Finance (Income Taxes) Bill

Regional News

China

China issues new unified outbound investment regulations

China’s new internet platform pricing rules: Key compliance requirements for platforms and merchants

Indonesia

Indonesia enhances capital market transparency

Indonesia lowers threshold for foreign exchange spot purchase transactions of rupiah

Constitutional Court rejects petition seeking sanctions for failure to use Indonesian language in agreements

Malaysia

MCMC issues Risk Mitigation Code and Child Protection Code under the Online Safety Act 2025

Myanmar

Myanmar issues new guidelines on company name approvals

Central Bank of Myanmar issues new regulation on foreign remittance business licensing

Vietnam

Vietnam reforms merger control: Higher notification thresholds and tighter sanctions

Publications

The Law Gazette: Bicentennial Celebrations - Developments in Intellectual Property

Deals

S$1.08 billion term loan facility to Frasers Property Aquamarine Trustee Pte. Ltd., as trustee-manager of Aquamarine Star Trust

Issue of US$733.3 million infrastructure asset-backed securities by Bayfront IABS VIII Pte. Ltd.

Issue of US$500 million floating rate notes by Oversea-Chinese Banking Corporation Limited

S$589 million term and revolving credit facilities to FC Retail Trustee Pte. Ltd., as trustee-manager of Sapphire Star Trust

Joint venture to develop senior living real property solutions in Vietnam

S$100 million initial public offering and listing of JustCo Holdings Limited on Singapore Exchange Securities Trading Limited

Awards & Rankings

Allen & Gledhill named SE Asia Law Firm of the Year at the Asian Legal Business (ALB) SE Asia Law Awards 2026

Allen & Gledhill named Singapore Corporate & Finance Domestic Law Advisers of the Year at the Chambers Asia-Pacific and Greater China Region Honours 2026

Allen & Gledhill’s Shanghai Representative Office recognised by China Business Law Journal’s China Business Law Awards 2026

Two Partners from AGI Legal, an associate firm of Allen & Gledhill, recognised in Asia Business Law Journal’s “The 2026 A List”

Allen & Gledhill maintains leading position in IAM Patent 1000 2026’s firm and individual rankings

Allen & Gledhill maintains leading position in Managing IP’s IP STARS 2026 firm and individual rankings

Allen & Gledhill Partner Jason Chan, SC recognised in Asian Legal Business Top 30 Litigators 2026