The cited record supports the material proposition.
The 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.
nine-year prohibition orders
- Claim made by
- Monetary Authority of Singapore, regulator statement
- Published
- 14 September 2023
- Original
- MAS issues Prohibition Orders against Three Arrows Capital's Zhu Su and Kyle Livingston Davies
- Evidence score
- 93 How it was scored
- Last reviewed
- 25 October 2026
Why this label
The MAS enforcement release states that nine-year prohibition orders took effect from 13 September 2023 against Zhu Su, the former chief executive and director, and Kyle Livingston Davies, the chairman and directorS1. MAS found that the two men failed to discharge their duties and were responsible for the fund manager's breaches of the Securities and Futures ActS1. The orders bar them from regulated activity and from managing or owning a capital markets services firm in Singapore. This is a final regulator prohibition, not a pending allegation. The record from the regulator itself supports the claim as stated.
Current procedural position
Prohibition orders in force from 13 September 2023 for nine years, running to 2032S1. Final regulator action, no appeal reported as of October 2026.
Record supporting the assessment
The Monetary Authority of Singapore (MAS) has issued nine-year prohibition orders (POs)
they had failed to discharge their duties and were responsible for TACPL's breaches.
Under the POs, which took effect from 13 September 2023
Conflicting or limiting record
No record located that conflicts with this assessment.
Evidence score: 93 of 100
The score grades how well the record establishes this assessment. It is not a score of Three Arrows Capital Ltd. Score = source authority + directness + corroboration + procedural accuracy + currency + reproducibility.
| Component | Points | Max | Reason |
|---|---|---|---|
| Source authorityIs the source competent to establish the proposition? | 29 | 30 | MAS is the competent financial regulator and the issuing body. |
| DirectnessDoes the source state the proposition or only discuss adjacent facts? | 19 | 20 | The release states the orders, the names and the nine-year term directly. |
| CorroborationDo independent records support the same material point? | 12 | 15 | Press reports repeated the bans, though the regulator page is the primary record. |
| Procedural accuracyDoes the record settle the procedural state the claim describes? | 14 | 15 | A final prohibition order in force, not a pending matter. |
| CurrencyHas the record been checked against later developments? | 10 | 10 | Checked to October 2026, with no reported appeal or variation. |
| ReproducibilityCan a reader locate the passage and repeat the assessment? | 9 | 10 | The order is public on the MAS enforcement actions page. |
| Total | 93 | 100 |
Timeline
Related cases
- MAS enforcement action against Three Arrows Capital Pte. Ltd., Zhu Su and Kyle Livingston DaviesMonetary Authority of Singapore. Regulatory. Not published.Stage: Reprimand issued June 2022, nine-year prohibition orders against the two directors in force from 13 September 2023.
Revision history
- Assessment first published with label Supported.
Have a record that changes this assessment? See corrections and responses.
Sources
- 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.
- 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.
Other claims about Three Arrows Capital Ltd
- Supported90A US bankruptcy court opinion recorded that the British Virgin Islands court ordered Three Arrows Capital into liquidation on 27 June 2022 and appointed joint liquidators, and that the US court recognised the BVI proceeding as a foreign main proceeding.Court filing, 29 December 20223 records citedCorporate status
- 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
- Supported75Liquidator Teneo said a Singapore court sentenced co-founder Su Zhu to four months in prison for failing to comply with a court order to help the investigation into the fund's failure.Press report, 30 September 20232 records citedCorporate status