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REGULATION UPDATE

May 2010 - Finance. Legal Developments by Drew & Napier LLC .

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MAS REVIEWS REGULATORY REGIME FOR FUND MANAGERS AND EXEMPT FINANCIAL INTERMEDIARIE

The Monetary Authority of Singapore (the “MAS”) has announced plans to revise the regulatory regime for fund management companies (“FMCs”) and the exemption regime for financial intermediaries engaged in leveraged foreign exchange trading in its consultation paper entitled “Review of the Regulatory Regime for Fund Management Companies and Exempt Financial Intermediaries”.

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