Financial Services Bulletin August 2026: Allen & Gledhill

27 August 2026

Capital Markets

SGX reduces standard board lot size and enhances custody structure

Competition & Foreign Investment Review

CCS updates passenger airline guidance note for alliance agreements

Antitrust developments and enforcement activity in South-east Asia: January to June 2026

Corporate / M&A

MAS consults on proposed amendments to Code on Collective Investment Schemes to facilitate faster approvals of new fund types

Cybersecurity & Data Protection

PDPC issues Advisory Guidelines on Use of Personal Data in Generative AI

CSA publishes Quantum-Safe Handbook and Quantum Readiness Index

CSA to publish new Cybersecurity Code of Practice for Cloud Services and update Cybersecurity Code of Practice for Critical Information Infrastructure to address emergent threats

ESG & Public Policy

Raising the bar on sustainability reporting: ACRA publishes draft Singapore Sustainability Disclosure Standards

Guide to Carbon Markets: Singapore, Indonesia

Financial Regulatory & Compliance

MAS consults on proposed protected cell company framework

MAS and ABS establish taskforce to strengthen cyber and technology resilience against AI-driven threats

MAS issues Guidelines on Audit of Payment Service Providers

Real Estate

Revisions to ABSD regime to support housing developers undertaking large-scale en bloc redevelopments

Technology & Corporate Intellectual Property

IMDA and PDPC publish guides relating to generative AI, digital twin technology, and privacy-enhancing technologies

CSA publishes addendum to guidelines and companion guide on securing AI systems

Technology, Media & Telecommunications

Scams (Countermeasures) and Other Matters Bill introduced to strengthen measures to detect, disrupt, and deter scams

Regional News

Indonesia

Wider bank powers, demutualised exchanges, and a new financial centre: Highlights of Indonesia Law No. 4 of 2026

Malaysia

Cybercrimes Bill 2026: Closing the gaps in Malaysia’s cybercrime legal framework

Malaysia passes statutory amendments to Competition Act 2010: Key changes under Competition (Amendment) Bill 2026 and Competition Commission (Amendment) Bill 2026

JS-SEZ tax incentive package in focus: Key benefits and conditions

Malaysia’s National AI Office conducts public consultation on proposed Artificial Intelligence (AI) Governance Bill

Myanmar

Myanmar introduces new import and export compliance procedures

Vietnam

Vietnam signals new direction for foreign investment

Vietnam’s electricity sector: Key regulatory developments

Vietnam identifies high-risk AI systems across six sectors

Deals

Issue of S$2.6 billion fixed rate bonds due 2046 under the Government of Singapore’s medium term note programme for issuance of Singapore Government Securities (Infrastructure) (including Green SGS (Infrastructure)) via syndication

S$530 million term loan facilities to Digitalland SG IV Pte. Ltd.

Issue of US$350 million subordinated dated capital bonds by Fubon Life Singapore Pte. Ltd. and guaranteed by Fubon Life Insurance Co., Ltd.

S$30.6 million initial public offering and listing of EGP Energy Corporation Limited on Singapore Exchange Securities Trading Limited

Series B fundraising in Rize Pte. Ltd. led by BNP Paribas Asset Management Alts

Establishment of Galaxy Orientis China-ASEAN Investment Platform

Awards & Rankings

Allen & Gledhill recognised as a leading law firm in Chambers High Net Worth Guide 2026

Allen & Gledhill recognised as leading law firm in 2026 Asia IP Trademark Survey

Allen & Gledhill recognised in Asian Legal Business Asia’s Top Cybersecurity & Data Law Firms 2026