Tharman tweaks MAS prohibition orders upon appeal

Singapore

ORDERS barring two men from doing some kinds of financial work were tweaked upon appeal to Deputy Prime Minister Tharman Shanmugaratnam, minister in charge of the Monetary Authority of Singapore (MAS), said the regulator on Wednesday.

Former Credit Suisse banker Lim Fang Wee, who is barred from carrying out activities regulated by the Securities and Futures Act (SFA) and Financial Advisers Act (FAA), had his ban reduced from four to three years. It kicked in on April 30 this year.