Regulatory Alerts2016-10-10
Added
Guidelines on the Regulation of Clearing Facilities
The Monetary Authority of Singapore issues these guidelines to administer the regulatory framework for clearing facilities under the Securities and Futures Act. The document defines the scope of regulation, including extraterritorial application, and establishes a dual authorization regime distinguishing between Approved Clearing Houses and Recognised Clearing Houses based on systemic importance. It further details the specific obligations, capital requirements, and risk management standards that these entities must adhere to ensure financial stability and efficiency.
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