MAS Consults On Draft Notice For Product Notification Regime

The Monetary Authority of Singapore (" MAS") has issued a consultation paper on 22 May 2018, inviting comments on a proposed new Notice on Listing, De -listing or Trading of Relevant Products on an Organised Market of an Approved Exchange or a Recognised Market Operator Incorporated in Singapore (" Notice"). The Notice sets out the notification regime for the launch of ne w derivatives products by market operators on exchanges or centralised trading facilities (the " product notification regime "). The product notification regime would replace the existing approval regime, following the enactment of the Securities and Futures (Amendment) Act 2017 ("SF(A) Act") on 9 January 2017. This update outlines the key proposals and the policy rationale behind the product notification regime.