MAS Consults on First Phase of Draft Regulations Pursuant to the Securities and Futures Act
On 28 April 2017, the Monetary Authority of Singapore (MAS) issued the first of two consultation papers on draft regulation to support the implementation of legislative amendments to the Securities and Futures Act (SFA), referred to as Consultation Paper I on Draft Regulations Pursuant to the SFA (Consultation Paper). This comes shortly after the amendments to the SFA were passed in Parliament on 9 January 2017 (please click here to see our earlier alert on this). Although these amendments are not yet in force, the MAS has indicated the intention for these amendments to be operationalized by 2018. Meanwhile, we can expect the second consultation paper on remaining draft regulations to be issued in May 2017.