Singapore’s New Credit Rating Agency Regulations Will Bode Well for Firms Singapore company registration specialists Rikvin is confident that Singapore’s new regulatory framework for Credit Rating Agencies (CRAs)as well as ESMA’srecent approval of it will strengthen investor confidence and catalyze businessactivity. Singapore company registration specialists, Rikvin, is optimistic that Singapore’s new regulatory framework for CRAsas well as the European Securities and Markets Authority’s (ESMA) recent approval of it will bode well for Singapore firms and bolster investor confidence in Singapore. Recently, the Monetary Authority of Singapore (MAS) has implemented a new regulatory framework for Credit Rating Agencies (CRA) under the Securities and Futures Act (SFA). Under this Act, CRAsare required to obtain the Capital Markets Services (CMS)license and comply with a corresponding code of conduct. Additionally, its representatives will be required to hold at least a Bachelor’s degree in a relevant discipline and be registered with MASbefore performing the role and providing credit rating services. Analysis by Rikvin shows that these measures protect the interests of investors by ensuring that Singapore’s financial markets are well-regulated and meet high safety standards. ESMA’sstamp of approval serves as the icing on the cake as it affirms that Singapore’s regulatory framework for CRAsis on-point and aligned with EU’s CRAregulations. “Foreign investors and venture capitalists are more inclined to spend in jurisdictions which are safe and promise high returns on investments. On the back of ESMA’sendorsement, we anticipate that Singapore’s new CRAregulations will in turn pave the way for more foreign direct investments to flow into Singapore,” affirmed Mr. Satish Bakhda, Head of Rikvin’s Operations. Further analysis by Rikvin shows that a higher inflow of foreign direct investments (FDIs) will in turn generate a more optimistic businesssentiment and attract
entrepreneurs and firms to register a Singapore company. “The immediacies of running a businessday to day means that entrepreneurs and key decision makers take cue from and flock to jurisdictions that can continually attract high inflows of investments. Singapore’s track record of doing so has been assuring to firms and entrepreneurs require a stable businessenvironment that can weather economic headwinds and offer credit at lower interest rates.” “The new regulations will ensure that Singapore’s financial market remains buoyant, investor confidence intact and businesssentiment positive. We therefore anticipate the new regulations on the back of ESMA’sendorsement to serve as a call to action and encourage entrepreneurs to form a Singapore company,” added Mr. Bakhda. About the Publisher: Rikvin is a Singapore-based consultancy that offers businesssolutions for both local and foreign professionals, investors and entrepreneurs. Rikvin’s areasof expertise include assistance to form a Singapore company, Singapore company registration, offshore company setup, Singapore corporate tax and other related corporate services. Rikvin also provides immigration services for foreign professionals wishing to relocate to Singapore. Rikvin PTELTD 20 Cecil Street, #14-01, Equity Plaza, Singapore 049705 Main Lines: (65) 6438 8887 Fax (65) 6438 2436 http://www.rikvin.com