Regulatory Alerts2020-05-15
Added
Securities and Futures (Prescribed Underlying Thing) Regulations 2020
The Monetary Authority of Singapore issued the Securities and Futures (Prescribed Underlying Thing) Regulations 2020 to prescribe the definition of underlying things for derivatives contracts. These regulations specifically address derivatives contracts that reference payment tokens, such as Bitcoin, as underlying assets. The rules were finalized on 15 May 2020 following a public consultation period that concluded in December 2019.
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