MAS Stablecoin Regulatory Framework: Governance and Compliance Duties for Singapore Companies

On 1 September 2026, the Monetary Authority of Singapore published a consultation paper setting out proposed legislative amendments to the Payment Services Act 2019 to implement its regulatory framework for single-currency stablecoins. Much of the commentary since has focused on what this means for issuers, exchanges and treasury desks holding payment tokens as an asset [...]

By |2026-09-12T00:28:59+08:00September 12th, 2026|Running a Company|

Anti-Dilution Provisions in Singapore Shareholders’ Agreements: Full Ratchet vs Weighted Average Explained

When a Singapore company raises a new round of funding at a lower valuation than the previous round, existing investors who paid a higher price per share can find their percentage ownership, and the value of their stake, quietly eroded. Anti-dilution provisions are the contractual mechanism that shareholders' agreements use to guard against exactly this [...]

By |2026-09-11T00:21:16+08:00September 11th, 2026|Running a Company|

Converting a Singapore Private Company to a Public Company: Section 18 and Section 32 Mechanics

Most Singapore incorporations start, and stay, private companies limited by shares. But a growing number of scale-ups, pre-IPO groups and companies planning an employee share scheme with a wide participant base eventually bump into the ceiling that Section 18 of the Companies Act 1967 places on every private company. When that happens, directors and their [...]

By |2026-09-11T00:18:53+08:00September 11th, 2026|Running a Company|

Transactions at Undervalue and Unfair Preferences: How Singapore Liquidators Claw Back Assets Under Sections 224 and 225 of the IRDA

When a Singapore company is wound up or placed under judicial management, one of the liquidator's or judicial manager's most consequential tasks is looking backwards, not forwards. Before distributing whatever assets remain to creditors, the officeholder must ask whether the company, in the months or years before insolvency, gave away value it should not have [...]

MAS’s New Class Exemption for Single Family Offices: The 15 June 2026 Notification Regime and What It Means for Company Secretaries

Most coverage of MAS's new single family office (SFO) framework, which took effect on 15 June 2026, focuses on the tax and structuring angle: what it means for 13O and 13U eligibility, and how it replaces the old individual no-action letter practice. Less attention has gone to what it actually means operationally for the company [...]

Corporate Secretarial Duties for a VCC or Family Office SPV: What Changes When the Client Is a Fund

When a corporate secretarial firm takes on a Variable Capital Company (VCC) or a family office fund vehicle as a client, the work looks superficially similar to servicing an ordinary Singapore private company. There is still a board, a secretary, a registered office, and an annual return. Underneath that surface, the mechanics change substantially. A [...]

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