Singapore: Monetary Authority responds to feedback received
in short On 6 November 2024, the Monetary Authority of Singapore (MAS) published its response to feedback on the July 2023 consultation paper setting out a proposed regulatory framework for single-family offices (SFOs) operating in Singapore. SFOs are not required to obtain a license under the Securities and Futures Act 2001 (SFA) and the proposals aim to harmonize standards for a simplified class exemption regime and address potential money laundering (ML) risks posed by SFOs. You can access our previous reminders about consultations here. MAS will provide further details on the implementation effective date, the revised legislation and the means of submitting initial notifications and annual returns prior to the implementation of the SFO framework. The MAS has provided further details and clarification on key measures to be implemented under the SFO framework. These further details and instructions appear below in red font: MAS proposes to provide a one-year transition period from the date when the proposed SFO framework comes…
Toyota GR86 Rally Legacy concept car unveiled at SEMA and received positive reviews
Toyota showed off the GR86 Rally Legacy concept car at the 2024 SEMA Show in Las Vegas, while the Japanese manufacturer also showed off the Cruiser ROX. This stunning tribute to the legendary Celica GT-Four rally car of the 1990s displays a retro livery and prominent rear wing that recall the iconic rally design that made the Celica a force to be reckoned with. The Toyota Celica GT-4 dominated the World Rally Championship (WRC) in the 1990s. The ST165 model won 13 WRC series races, with Carlos Sainz claiming the 1990 Drivers' Championship. The ST185 model further consolidated Toyota's dominance in rallying, achieving 16 WRC series victories and 3 W2L series championships. Famous drivers such as Carlos Sainz (1992), Juha Kankkunen (1993) and Didier Auriol (1994) won during this period won the driver's title. The ST205 model also contributed to Toyota's success, scoring one WRC series victory and two W2L championships. The GR86 Rally Legacy concept pays homage to the…
The new Kia Carnival received more than 1,800 pre-orders in 24 hours
Kia India will soon launch New generation Kia Carnivalachieving an impressive 1,822 pre-orders Within 24 hours of the booking window opening September 16, 2024. This outstanding response created Luxury car market The first day bookings for the previous generation were 1,410 units, surpassing the previous generation. 14,542 units Previous Generation Carnival MPV In the past three years. Planned for India, October 3, 2024this New generation Kia Carnival It has already made its mark in the global market, showing Luxury Features and Advanced TechnologyIndian customers can book for a small fee Rs. 2 lakh. according to Cao JunxiuKia India Chief Sales Officer said: “This is a proud moment for us as the new Carnival sets new standards. We believe Carnival Limousine will redefine the market segment. With its unique design, Luxury Featuresand Market segment priority technologyCarnival will continue to push the industry benchmark.” Luxurious features and advanced technology this New Kia Carnival The 2018 Coupe promises to surpass its predecessor in…
The 2025 Skoda Kodiaq received a five-star rating in the Euro NCAP crash test
ŠKODA KODIAQ's commitment to safety and innovation Set to be launched in 2025, the ŠKODA Kodiaq has passed stringent crash tests under the stringent Euro NCAP standards, underscoring the brand’s commitment to protection and innovation. The ŠKODA Kodiaq SUV with 2D technology has received an excellent five-star safety rating in the European New Car Assessment Programme (Euro NCAP). Built on the top-of-the-line MQB EVO platform, the SUV received top ratings in several parameters including occupant protection (89%), small occupant safety (83%), pedestrian safety (82%) and additional safety features (78%). The all-new Kodiaq, which has been on an international pedestal over the past 12 months, is expected to be launched in India by mid-2025 and will be available in CKD form, underlining its importance in ŠKODA’s international strategy. Excellent protection in frontal crash tests In the frontal crash test, the Kodiaq's cabin shape remained rigid and provided excellent protection for the occupants. Statistics showed that the driver and passenger's knees and…
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