Regulatory Alerts2018-10-05
Added · Updated
Cancellation of Notice SFA 04-N08 on Exemption from Capital Markets Services Licence for Trading in Futures Contracts
MAS Notice SFA 04-N08 dated 28 March 2008 is cancelled with effect from 8 October 2018. This cancellation removes the exemption previously granted to persons and their representatives under Regulation 2(2) of the Securities and Futures (Exemption From Requirement To Hold Capital Markets Services Licence) Regulations (RG 11) from the requirement to hold a Capital Markets Services Licence for trading in futures contracts under Section 82(1) of the Securities and Futures Act.
Notice No: SFA 04-N08 (Cancellation Notice) 2018 Issue Date: 5 October 2018 NOTICE TO PERSONS EXEMPTED UNDER REGULATION 2(2) OF THE SECURITIES AND FUTURES (EXEMPTION FROM REQUIREMENT TO HOLD CAPITAL MARKETS SERVICES LICENCE) REGULATIONS (RG 11) FROM THE REQUIREMENT UNDER SECTION 82(1) OF THE SECURITIES AND FUTURES ACT (CAP. 289) TO HOLD A CAPITAL MARKETS SERVICES LICENCE FOR THE REGULATED ACTIVITY OF TRADING IN FUTURES CONTRACTS AND REPRESENTATIVES OF SUCH PERSONS 1 This Notice is issued pursuant to section 101 of the Securities and Futures Act (Cap. 289). Cancellation 2 MAS Notice SFA 04-N08 on “Notice to Persons Exempted under Regulation 2(2) of the Securities and Futures (Exemption From Requirement To Hold Capital Markets Services Licence) Regulations (Rg 11) From the Requirement under Section 82(1) of the Securities and Futures Act (Cap. 289) to hold a Capital Markets Services Licence for the Regulated Activity of Trading in Futures Contracts and Representatives of such Persons” dated 28 March 2008 is cancelled with effect from 8 October 2018.