Regulatory Alerts2018-10-05
Added
Notice SFA 04-N08 Persons Exempted from Capital Markets Services Licence Requirement for Trading in Futures Contracts
The Monetary Authority of Singapore issued Notice SFA 04-N08 to establish regulatory requirements for persons exempted from holding a Capital Markets Services Licence for trading futures contracts. The notice mandates that these exempt persons and their representatives adhere to specific standards regarding risk disclosure, conduct of business, and disclosure of interests. These requirements ensure that exempt entities maintain appropriate operational and transparency standards despite their licence exemption status.
Notices
Last Revised Date: 05 October 2018
Requirements for exempt persons and representatives of such persons for the trading of futures contracts in the form of structured warrants.
Issued pursuant to:
Securities and Futures Act (Cap. 289) section 101
View Notice
Notice SFA 04-N08 Persons Exempted Under Reg 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
(106.9 KB)
This notice applies to all 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 to hold a capital markets services licence for trading in futures contracts and representatives of such persons.
It sets out requirements for:
Representatives of an exempt person
Risk disclosure
Conduct of business
Disclosure of interests
08 Oct 2018 SFA 04-N08 (Cancellation Notice) 2018 (106.9 KB) takes effect.
26 Nov 2010 SFA 04-N08 (Amendment) 2010 (127.9 KB) takes effect. 16 Feb 2009 SFA 04-N08 (Amendment) 2009 takes effect.