MAS reviews derivatives market regulation
The Monetary Authority of Singapore is proposing to expand the scope of the Securities and Futures Act.
MAS said:
Under the proposals, MAS will expand the scope of the Securities and Futures Act (SFA), Chapter 289 to include:
i) mandatory central clearing of OTC derivative trades at regulated central counterparties;
ii) mandatory reporting of OTC derivative trades to regulated trade repositories; and
iii) putting in place regulatory regimes for market operators, clearing facilities, trade repositories and market intermediaries for OTC derivatives.
Interested parties are invited to give their views and comments on the proposals outlined in the two consultation papers. The consultation period for both consultation papers will end on 26 March 2012.
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