The Monetary Authority of Singapore has issued nine-year prohibition orders to 3AC founders Kyle Davies and Zhu Su, effectively barring them from operating or taking part in financial firms in the city-state.
Three Arrows Capital founders Kyle Davies and Zhu Su are barred from regulated activities or acting as top execs at any financial firm in Singapore.The Monetary Authority of Singapore has issued a nine-year prohibition order to Three Arrows Capital founders Kyle Davies and Zhu Su over alleged violations of the country's securities laws.
In its decision to bar the pair, MAS said Su and Davies failed to notify the central bank that 3AC employed a new business representative, gave false information to the regulator and failed to have an appropriate risk management framework in place.
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