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MAS proposes new investor protection legislation

08 March 2010

The Monetary Authority of Singapore has proposed that futures and options brokerages would have to ensure that retail customers have sufficient understanding of derivatives before they can execute transactions.

Read more: MAS Monetary Authority of Singapore OTC

The Singaporean regulator said the proposals are to protect retail customers that do not have the required skill set to trade such complex instruments. The MAS released the proposal at the end of January for market participants as part of its market consultation process. The proposals will constrain both exchange and OTC trading.