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MAS to simplify rules for market operators and speed up launch of new products

New multi-tier regime for market operators or exchanges to replace current single tier

Singapore

THE Monetary Authority of Singapore (MAS) intends to simplify rules to encourage more exchanges and also to make it easier to launch new derivatives products.

It proposes to improve market operators' business flexibility when establishing new centralised trading facilities and speed to market when launching new products, the MAS said on Tuesday.

The proposals, set out in a consultation paper, are part of MAS' broader objectives to facilitate innovation in financial services by recognising emerging new business models while safeguarding investors' interest.

There will be a new multi-tier regime for market operators or exchanges, said MAS.

MAS proposes to expand the existing Recognised Market...

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