Regulatory Alerts2018-10-08
Added
Securities and Futures (Margin Requirements for Exempt Financial Institutions) Regulations
The Monetary Authority of Singapore issued these regulations to establish margin requirements for contracts for differences and spot foreign exchange contracts used in leveraged trading by exempt financial institutions. The rules apply specifically to exempt capital markets services entities, including banks, merchant banks, and finance companies. These requirements were finalized following consultations on enhancing protections for retail investors through higher margins and improved disclosures for over-the-counter margined derivatives.
Regulations
Published Date: 08 October 2018
Securities and Futures (Margin Requirements for Exempt Financial Institutions) Regulations
Sets out the margin requirements in respect of contracts for differences and spot foreign exchange contracts for the purposes of leveraged foreign exchange trading for banks, merchant banks and finance companies.
Margins
Applies to:
Exempt Capital Markets Services Entity
View Document
Securities and Futures (Margin Requirements for Exempt Financial Institutions) Regulations
Sets out requirements for licensing, representative notification and conduct of business, and criteria for exemptions from licensing.
Proposed legislative amendments to effect the proposals set out in the May 2012 Consultation Paper on Review of Regulatory Framework for Unlisted Margined Derivatives Offered to Retail Investors and MAS response to the feedback from the industry.
Consultation number:
P002-2014
Start date:
14 March 2014
Closing date:
14 April 2014
MAS response date:
26 May 2017
Proposed enhancements to the requirements for OTCD margined derivatives such as contracts for differences and leveraged foreign exchange contracts, offered to retail investors. Enhancements included higher margins and disclosures to investors.
Consultation number:
P010 - 2012
Start date:
28 May 2012
Closing date:
02 July 2012
MAS response date:
14 March 2014