Regulatory Alerts2018-10-08
Added
Guidelines to MAS Notice on Risk Fact Sheet for Contracts for Differences
The Monetary Authority of Singapore issues these guidelines to direct CMS licence holders and exempt financial institutions on preparing Risk Fact Sheets for Contracts for Differences. The document mandates adherence to a specific template structure while requiring firms to include additional information, diagrams, and numerical illustrations to clearly explain key risks to customers. It provides detailed guidance on disclosing potential losses, margin call procedures, pricing models, execution risks, and fee structures to ensure comprehensive customer understanding.
Topics
Share