Singapore issues order against Three Arrows Capital founders
The Monetary Authority of Singapore has issued a nine-year prohibition order against the founders of Three Arrows Capital (3AC). The order was issued against Zhu Su and Kyle Livingston Davies for violating different regulatory laws, such as the Securities and Futures Act 2001 (SFA) and Securities and Futures (Licensing and Conduct of Business) Regulations (SFR). After the prohibition, Zhu and Davies won’t be allowed to perform any regulated activity to participate in the management team. They won’t be able to act as directors or become substantial shareholders in any of the capital markets under the SFA. You might also like: Singapore’s MAS grants license to Crypto.com MAS role in the cryptocurrency market The Monetary Authority of Singapore (MAS) is the country’s central bank and integrated financial regulator whose primary objective is to promote sustained and non-inflationary economic growth. MAS maintains macroeconomic stability by closely monitori...