ASX-Dividend-Report-Banner

Entity under Doo Financial Granted Capital Markets Services (CMS) License by Monetary Authority of Singapore (MAS)

March 27, 2024 06:04 PM AEDT | By Cision
Follow us on Google News: https://kalkinemedia.com/resources/assets/public/images/google-news.webp
 Entity under Doo Financial Granted Capital Markets Services (CMS) License by Monetary Authority of Singapore (MAS)
Image source: Kalkine Media

HONG KONG, March 27, 2024 /PRNewswire/ -- Recently, Doo Capital Market SG Pte. Ltd. ("DCM"), an entity under Doo Financial, has officially been granted with a Capital Markets Services (CMS) license (License Number: CMS101428) from Monetary Authority of Singapore (MAS). 

Doo Financial is one of the sub-brands of Doo Group. The acquisition of this license marks a further expansion of Doo Group into the Singapore market, allowing DCM to conduct activities regulated under the Securities and Futures Act 2001 such as dealing in capital markets products, product financing and providing custodial services. DCM is also licensed under the Financial Advisers Act 2001 to provide financial advisory service such as advising on investment products and issuing or promulgating analyses/reports on investment products. 

Top-tier Regulatory License 

MAS was established in 1971 as a government agency tasked with exercising central banking and financial regulatory authority functions in Singapore. It plays a crucial role in Singapore's financial system.    

After a rigorous vetting process by MAS, Doo Capital Market SG Pte. Ltd. has been granted a CMS license and is authorized to provide the following services:

  • Dealing in Capital Markets Products*
  • Product Financing
  • Providing Custodial Services
  • Advising on Investment Products*
  • Issuing or Promulgating Analyses/Reports on Investment Products*

Remark: Please note that capital market products and investment products are limited exclusively to securities and exchange-traded derivatives contracts.

Delving into the Dynamic Singapore Market Landscape

In November 2023, Doo Group made a debut at the Singapore FinTech Festival as an international financial services group. During the event, Doo Group collaborated with industry experts and leading institutions from around the world to explore the limitless potential of the future financial landscape. 

As one of the financial centers in Asia, Singapore has a well-developed financial system and regulatory standards. Whether in the areas of international finance, trade finance, asset management or fintech, Singapore maintains its leadership and competitiveness. 

It is in recognition of this strategic convergence of a thriving financial ecosystem and a supportive regulatory environment that Doo Group have chosen to expand our market presence into Singapore.  

The approval of the CMS license at this time will further enhance our influence in the Singapore market, providing clients with a more diversified range of professional financial services to seize the vast opportunities in this thriving market.  

Website: doo.com 

Email: [email protected]


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (“Kalkine Media, we or us”), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content.
Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyrighted to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have made reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.

Recent Articles

Investing Tips

Previous Next
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.