Regulatory case
MAS enforcement action against Three Arrows Capital Pte. Ltd., Zhu Su and Kyle Livingston Davies
- Authority
- Monetary Authority of Singapore
- Case number
- Not published
- Filed or opened
- 30 June 2022
- Organization
- Three Arrows Capital Ltd
- Current stage
- Reprimand issued June 2022, nine-year prohibition orders against the two directors in force from 13 September 2023.
- Outcome
- Final. Prohibition orders run for nine years to 2032S1.
Decisions and steps
Claims this case bears on
- Supported93The Monetary Authority of Singapore said it issued nine-year prohibition orders against Three Arrows Capital directors Zhu Su and Kyle Livingston Davies that took effect on 13 September 2023.Regulator statement, 14 September 20233 records citedMarket conduct
- Supported91The Monetary Authority of Singapore said it reprimanded Three Arrows Capital Pte. Ltd. in June 2022 for providing false information to MAS and for exceeding the assets under management threshold for a registered fund management company.Regulator statement, 30 June 20223 records citedDisclosure
Sources
- S2Tier A MAS Reprimands Three Arrows Capital for Providing False Information and Exceeding Assets Under Management ThresholdMonetary Authority of Singapore. Regulator press release. 30 June 2022.Supports the June 2022 reprimand, the false representation about novation and the S$250 million threshold breach. It does not establish criminal liability.
- S1Tier A MAS issues Prohibition Orders against Three Arrows Capital's Zhu Su and Kyle Livingston DaviesMonetary Authority of Singapore. Regulator press release. 14 September 2023.Supports the nine-year prohibition orders, their 13 September 2023 start and the directors' breaches. It is the regulator's own enforcement record.