Not what we wanted but......6 Mar 2021 20:20
OK the news on the API licsence is not great. A lot of people, myself included, were assuming the API had already been submitted and were also assuming the massive positive impact this would have had on the SP.
That being said at least we know where we are at. API could take 6 weeks if no delays or mistakes on the application.
So my thoughts are.
GST/Fin were busy setting up Singapore base whilst writing the application for APi
API is taking longer to write because GST/Fin dont want to make any mistakes as this could delay the API by 6 months+ so needs to be right first time.
There is a small chance GST/Fin are opening another office (as someone has said a NYC office would send this upwards) hence possibly a contribution to the delay of the API
This is all IMO of course but what I believe.
Heads up and hold.