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 Operators (RMO) regime from a single tier to three separate tiers (namely RMO Tier 1, RMO Tier 2 and RMO Tier 3) to better match regulatory requirements to the ri…
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Hong Kong crypto ETF launches will test ambition to be digital-asset hub
Visa results beat expectations on strong consumer spending trends
Goldman Sachs shares rise to notch first record high since 2021
Abu Dhabi returns to debt market with new US dollar bond
Ping An profit falls as market declines hurt investment returns
BOJ will hike rates if trend inflation accelerates, says Ueda