MAS pulls CT Bright Investment's licence to conduct fund management business

📆 12/12/2019 12:46:00
📰 The Straits Times

⏱ Reading Time:
21 sec. here
2 min. at publisher
📊 Quality Score:
News: 12%
Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

SINGAPORE (THE BUSINESS TIMES) - CT Bright Investment (CTBI) is no longer allowed to continue its fund management business in Singapore after the Monetary Authority of Singapore (MAS) revoked its capital markets services licence with effect from Dec 9.. Read more at straitstimes.com.

SINGAPORE - CT Bright Investment is no longer allowed to continue its fund management business in Singapore after the Monetary Authority of Singapore revoked its capital markets services licence with effect from Dec 9.

CTBI did not start fund management activities within six months of the issuing of its licence, and did not seek an extension to commence its fund management business as required by the MAS. CTBI had also in 2018 breached its licence condition by not informing the MAS of the resignation of one of its two directors - who was the company's relevant professional and appointed representative.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MAS revokes capital markets licence of investment firm CT Bright InvestmentSINGAPORE: The Monetary Authority of Singapore (MAS) announced on Thursday (Dec 12) that it has revoked the Capital Markets Services Licence of CT ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »