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The founders of Three Arrows Capital (3AC), Kyle Davies and Zhu Su, have been banned by Singapore regulators from participating in regulated activities or serving as top executives at any financial firm in the country for nine years.
The Monetary Authority of Singapore (MAS) issued a nine-year ban on Kyle Davies and Su Zhu from participating in regulated activities and serving as executives for any financial firm in Singapore. The founders of the now-bankrupt Three Arrows Capital (3AC) received the prohibition order over their alleged violation of Singapore’s securities laws at the 3AC hedge fund.
The MAS explained:
“The Monetary Authority of Singapore (MAS) has issued nine-year prohibition orders (POs) against Mr Zhu Su and Mr Kyle Livingston Davies for contraventions of the Securities and Futures Act 2001 (SFA) and Securities and Futures (Licensing and Conduct of Business) Regulations (SFR). Mr Zhu was the Chief Executive Officer and Director of Three Arrows Capital Pte Ltd (TACPL), while Mr Davies was the Chairman and Director.”
Davies and Zhu Banned from Regulated Activities
Singapore’s central bank, the MAS, said in a statement that the duo were banned from regulated activities during the banning period, which started on September 13.
According to the statement,
“Under the POs, which took effect from 13 September 2023, Mr Zhu and Mr Davies will be prohibited from performing any regulated activi
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Author: Jana Serfontein
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