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MAS consultation paper proposes new rules to control market abuse

For example, it recommends that all communications between trading reps and clients be kept for five years

Published Mon, Aug 5, 2019 · 09:50 PM

Singapore

THE Monetary Authority of Singapore (MAS) is seeking to impose new requirements on Singapore financial institutions (FIs) to improve controls and facilitate investigations in cases of market abuse.

The central bank said in a consultation paper released on Monday that the absence of information and delays in retrieving information on individuals who own or control trading accounts have impeded investigations into such cases of abuse.

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