1、扩大Capital Markets Products类型范围
在share股权、debenture债权、CIS集合投资基础上增加了信托和衍生工具合约。
2.3.3 a unit in a business trust, where it confers or represents ownership interest in the trust property of a business trust;
2.3.3商业信托中的单位，它赋予或代表商业信托的信托财产的所有权权益;
2.3.4 a securities-based derivatives contract, which includes any derivatives contract of which, the underlying thing is a share, debenture or unit in a business trust; or
2.3.4以证券为基础的衍生工具合约，其中包括任何衍生工具合约，其相关资产为商业信托的股份，债权证或单位。
2、Money laundering and financing of terrorism concerns
反洗钱和资助恐怖主义问题
这是比较大的一个变化，重点强调了反洗钱和打击恐怖主义融资。
3.1 MAS emphasises that the relevant MAS Notice on Prevention of Money Laundering and Countering the Financing of Terrorism (“AML/CFT requirements”) will apply if the person is deemed to be an intermediary conducting one or more of the regulated activities identified in paragraphs 2.8 – 2.11 and is a:
3.1 MAS强调，MAS关于防止洗钱和打击恐怖主义融资的相关通知（“AML / CFT要求”）将如果该人被视为进行第2.8至2.11段所述的一项或多项受规管活动的中间人，则适用于：
3.1.1. holder of a capital markets services licence under the SFA;
3.1.1 根据SFA持有资本市场服务许可证;
3.1.2 fund management company35 registered under paragraph 5(1)(i) of the Second Schedule to the Securities and Futures (Licensing and Conduct of Business) Regulations (Rg. 10) (“SF(LCB)R”);
3.1.2 根据“证券及期货（牌照及商业行为）规例”（第10号）（“SF（LCB）R”）附表2第5（1）（i）段注册的基金管理公司;
3.1.3 person exempted under paragraph(s) 3(1)(d), 3A(1)(d) and/or 7(1)(b) of the Second Schedule to the SF(LCB)R from the requirement to hold a capital markets services licence;
3.1.3 根据SF（LCB）R的要求，根据SF（LCB）R附表2第3（1）（d），3A（1）（d）和/或7（1）（b）段获豁免的人持有资本市场服务许可证;
3.1.4 licensed financial adviser under the FAA;
3.1.4 FAA下的持牌财务顾问;
3.1.5 registered insurance broker which is exempt under section 23(1)(c) of the FAA from holding a financial adviser’s licence to act as a financial adviser in Singapore in respect of any financial advisory service; or
3.1.5 根据FAA第23（1）（c）条获豁免的注册保险经纪人持有财务顾问牌照，以就任何财务顾问服务在新加坡担任财务顾问36;或者
3.1.6 person exempt under section 23(1)(f) of the FAA read with regulation 27(1)(d) of the Financial Advisers Regulations (Rg. 2) from holding a financial adviser’s licence to act as a financial adviser in Singapore in respect of any financial advisory service.
3.1.6 根据“财务顾问条例”（第2条）第27（1）（d）条的规定，根据“财务顾问条例”第23（1）（f）条获豁免持有财务顾问执照以担任财务顾问新加坡有关任何财务咨询服务。
3.2 Applicable AML/CFT requirements on such persons broadly include the following:
3.2 对此类人员适用的反洗钱/打击资助恐怖主义要求大致包括以下内容：
3.2.1 take appropriate steps to identify, assess and understand their money laundering and terrorism financing (ML/TF) risks;
3.2.1采取适当步骤，以识别，评估和了解他们的洗钱和恐怖主义融资（ML / TF）风险;
3.2.2 develop and implement policies, procedures and controls – including those in relation to the conduct of customer due diligence and transaction monitoring, screening, reporting suspicious transactions and record keeping – in accordance with the relevant MAS Notices, to enable them to effectively manage and mitigate the risks that have been identified;
3.2.2制定和实施政策，程序和控制 - 包括与客户尽职调查和交易监控，筛选，报告可疑交易和记录保存相关的政策，程序和控制 - 根据相关的MAS通知，使其能够有效管理并减轻已发现的风险;
3.2.3 perform enhanced measures where higher ML/TF risks are identified, to effectively manage and mitigate those higher risks; and
3.2.3在确定更高ML / TF风险的情况下执行增强措施，以有效管理和减轻这些更高风险;和
3.2.4 monitor the implementation of those policies, procedures and controls, and enhance them if necessary;
3.2.4监督这些政策，程序和控制的实施，并在必要时予以加强;
3.3 Digital tokens that perform functions which may not be within MAS’ regulatory purview may nonetheless be subject to other legislation for combating ML/TF. MAS would like to highlight in particular the following which all persons would have to abide by:
3.3执行可能不属于MAS监管范围的功能的数字代币可能仍然受制于其他立法以对抗ML / TF。 MAS希望特别强调所有人必须遵守的以下内容：
3.3.1 Obligations to report suspicious transactions with the Suspicious Transaction Reporting Office, Commercial Affairs Department of the Singapore Police Force pursuant to section 39 of the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act (Cap. 65A) (“CDSA”); and
3.3.1根据“反腐败，贩毒及其他重大犯罪（没收利益）法”（第65A章）第39条，向新加坡警察部门商业事务部可疑交易报告办公室报告可疑交易的义务（“ CDSA”）;和
3.3.2 Prohibitions from dealing with or providing financial services to designated individuals and entities pursuant to the Terrorism (Suppression of Financing) Act (Cap. 325) (“TSOFA”) and various regulations giving effect to United Nations Security Council Resolutions (“UN Regulations”).
3.3.2禁止根据“恐怖主义（制止融资）法”（第325章）（“TSOFA”）和实施联合国安理会决议的各项条例（“联合国”）向指定个人和实体提供或提供金融服务条例”）。
3.4 November 2018. A person carrying on a business of providing any service of dealing in digital payment tokens or any service of facilitating the exchange of digital payment tokens must be licensed and will be regulated under the PSB for AML/CFT purposes only and will be required to put in place policies, procedures and controls to address its ML/TF risks.
3.4 2018年11月，经营提供任何数字支付代币交易服务或促进数字支付代币交换服务的人必须获得许可，并且仅受PSB管制，仅用于反洗钱/打击资助计划，并且 要求制定政策，程序和控制措施以解决其ML / TF风险。
3、案例调整
案例一
However, Company A must abide by all Singapore laws, including the CDSA, the TSOFA and the UN Regulations, in the conduct of its business.
但是，A公司在开展业务时必须遵守所有新加坡法律，包括CDSA，TSOFA和联合国法规。
案例二
Company B will not require a capital markets services licence for dealing in capital markets products that are securities under the SFA if (a) it is not in the business of dealing in capital markets products that are securities or (b) it is in the business of dealing in capital markets products that are securities, but an applicable exemption applies. For example, if it is carrying on business in dealing in capital markets products that are securities for his own account through certain financial institutions regulated by MAS, such as a holder of capital markets services licence to deal in capital markets products that are securities.
