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.

Provides guidance on the representations which exempt corporate finance advisers, exempt futures brokers and exempt OTC derivatives brokers are not allowed to provide.

1 On 8 April 2015, MAS reprimanded CMCS Markets Singapore Pte Ltd for its contravention of regulation 24A of the SF(FMR) Regs. 2 Regulation 24A(1) of the SF(FMR) Regs states that the holder of a licence who enters into a contract for differences with its customers shall obtain margin from each customer, in the form of...

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:

15 March 2014

Closing date:

15 April 2014