Adrian Ang
FinTech Guide 2024
Band 1 : FinTech Legal
Email address
[email protected]Contact number
+65 6890 7710Share profile
Band 1
About
Provided by Adrian Ang
Practice Areas
FinTech; Financial Regulatory & Compliance; ESG & Public Policy
Career
Adrian is Co-Head of the Firm’s FinTech and ESG & Public Policy Practices.
Adrian’s practice encompasses advising clients on regulatory matters affecting the financial services industry including, licensing matters, setting up of payment services, distribution of financial products, outsourcing arrangements and conduct of business requirements.
Adrian has been active in the FinTech sphere, advising on a variety of FinTech models including security token and digital payment token exchanges, services relating to stablecoins and cryptocurrencies (e.g. custodial and non-custodial wallets, trading platforms), digital banks, payment services (including fiat currency e-wallets), robo-advisors, NFTs, equity and debt crowdfunding platforms, P2P lending platforms, online lending intermediary based platforms, and initial coin offering structures.
For public policy, Adrian has assisted with the consideration and roll-out of new policies affecting the financial industry and is frequently involved in the coordination and provision of industry views on policy and regulatory matters for private and public consultations.
Professional Memberships
Adrian is part of the executive committee of the Singapore FinTech Association, and a member of its Payments Group sub-committee.
Publications
The Singapore chapter of FinTech Regulation Global Guide, Practical Law.
The Singapore chapter of The International Comparative Legal Guide to: Public Investment Funds, Global Legal Group.
Regulation of Crowdfunding in Singapore and Singapore FinTech, Business Law International.
Chambers Review
FinTech
Adrian Ang is co-head of Allen & Gledhill's FinTech and ESG and public policy practices. Ang is a FinTech regulatory expert and has previous experience working at the Monetary Authority of Singapore.
Strengths
Provided by Chambers
"Adrian Ang is a very brilliant and excellent commercial lawyer. He has not only legal understanding but also excellent business sense, so he always identifies legal issues and suggests business solutions. Also, he is a very good leader."
"His expertise lies in regulatory work and crypto regulatory. He has key experience in both areas. Adrian is great at giving us insights into the regulator's mind, and the advice he provides is always on point in dealing with regulators' questions."
"Adrian Ang is a very brilliant and excellent commercial lawyer. He has not only legal understanding but also excellent business sense, so he always identifies legal issues and suggests business solutions. Also, he is a very good leader."
"His expertise lies in regulatory work and crypto regulatory. He has key experience in both areas. Adrian is great at giving us insights into the regulator's mind, and the advice he provides is always on point in dealing with regulators' questions."
Articles, highlights and press releases
8 items provided by Allen & Gledhill LLP
Singapore publishes eligibility list for international carbon credits under carbon tax regime
On 19 December 2023, the Ministry of Sustainability and the Environment and the National Environment Agency issued a press release setting out the eligibility list under the International Carbon Credit Framework, which will take effect from 1 January 2024.
Singapore courts’ crypto-friendly approach shown in new ruling that cryptocurrency can be property
In the recent case of ByBit Fintech Ltd v Ho Kai Xin & Ors [2023] SGHC 199, the General Division of the Singapore High Court considered whether the cryptocurrency stablecoin known as “Tether” constitutes property that is capable of being held on trust.
Digital tokens and customer protections
The global regulatory environment governing the sale, purchase, exchange, transfer, and custody of cryptocurrencies is changing.
MAS finalises stablecoin regulatory framework, responds to feedback received on public consultation
On 15 August 2023, the Monetary Authority of Singapore announced the features of a new regulatory framework that seeks to ensure a high degree of value stability for stablecoins regulated in Singapore.
COP27: Impact on Singapore and South-east Asia
The 27th Conference of the Parties (“COP27”) to the United Nations Framework Convention on Climate Change took place in the Egyptian coastal city of Sharm el-Sheikh from 6 to 20 November 2022 and concluded with the launch of the COP27 cover decision known as the Sharm el-Sheikh Implementation Plan.
SGX mandates climate and board diversity disclosures
On 15 December 2021, Singapore Exchange announced that it will proceed with plans to require issuers to provide climate-related reporting based on recommendations of the Task Force on Climate-related Financial Disclosures and disclosures on board diversity.
Singapore commits to phasing out unabated coal power by 2050
On 4 November 2021, the National Climate Change Secretariat, Ministry of Trade and Industry and Ministry of Sustainability and the Environment issued a statement announcing that Singapore has joined the Powering Past Coal Alliance.
Banking Act amended to rationalise banking regulation and enhance prudential oversight
On 1 July 2021, the Banking Act was amended by the Banking (Amendment) Act 2020 to rationalise banking regulation by removing the divide between the Domestic Banking Unit and the Asian Currency Unit, and to consolidate the licensing and regulation of merchant banks under the BA.
Singapore publishes eligibility list for international carbon credits under carbon tax regime
On 19 December 2023, the Ministry of Sustainability and the Environment and the National Environment Agency issued a press release setting out the eligibility list under the International Carbon Credit Framework, which will take effect from 1 January 2024.
Singapore courts’ crypto-friendly approach shown in new ruling that cryptocurrency can be property
In the recent case of ByBit Fintech Ltd v Ho Kai Xin & Ors [2023] SGHC 199, the General Division of the Singapore High Court considered whether the cryptocurrency stablecoin known as “Tether” constitutes property that is capable of being held on trust.
Digital tokens and customer protections
The global regulatory environment governing the sale, purchase, exchange, transfer, and custody of cryptocurrencies is changing.
MAS finalises stablecoin regulatory framework, responds to feedback received on public consultation
On 15 August 2023, the Monetary Authority of Singapore announced the features of a new regulatory framework that seeks to ensure a high degree of value stability for stablecoins regulated in Singapore.
COP27: Impact on Singapore and South-east Asia
The 27th Conference of the Parties (“COP27”) to the United Nations Framework Convention on Climate Change took place in the Egyptian coastal city of Sharm el-Sheikh from 6 to 20 November 2022 and concluded with the launch of the COP27 cover decision known as the Sharm el-Sheikh Implementation Plan.
SGX mandates climate and board diversity disclosures
On 15 December 2021, Singapore Exchange announced that it will proceed with plans to require issuers to provide climate-related reporting based on recommendations of the Task Force on Climate-related Financial Disclosures and disclosures on board diversity.
Singapore commits to phasing out unabated coal power by 2050
On 4 November 2021, the National Climate Change Secretariat, Ministry of Trade and Industry and Ministry of Sustainability and the Environment issued a statement announcing that Singapore has joined the Powering Past Coal Alliance.
Banking Act amended to rationalise banking regulation and enhance prudential oversight
On 1 July 2021, the Banking Act was amended by the Banking (Amendment) Act 2020 to rationalise banking regulation by removing the divide between the Domestic Banking Unit and the Asian Currency Unit, and to consolidate the licensing and regulation of merchant banks under the BA.
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