Rule · MAS · 15 May 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.
Regulations
Published Date: 15 May 2020
Securities and Futures (Prescribed Underlying Thing) Regulations 2020
Regulations to prescribe "underlying thing" in relation to derivatives contracts.
Licensing, Authorisation and Registration
Applies to:
Markets and Exchanges
,
Clearing House
View Document
Securities and Futures (Prescribed Underlying Thing) Regulations 2020
8 Oct 2018
Securities and Futures (Prescribed Underlying Thing) Regulations 2018
This consultation sets out MAS' proposed regulatory approach under the Securities and Futures Act for derivatives contracts that reference payment tokens (e.g. Bitcoin) as underlying assets.
Consultation number:
P015-2019
Start date:
20 November 2019
Closing date:
20 December 2019
MAS response date:
15 May 2020
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“Securities and Futures (Prescribed Underlying Thing) Regulations 2018”
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