In response to industry participants on the proposed regulation of Singapore’s derivatives market, Monetary Authority of Singapore (MAS) has acknowledged financiers’ concerns over cross-border trading and the potential conflicts when operating in multiple jurisdictions, suggesting to fulfil foreign judiciary requirements to satisfy MAS’ clearing and reporting obligations. MAS’ proposal includes a deemed-compliance provision that addresses the potential “overlapping or conflict”…
MAS responds to industry comments on over-the-counter derivatives regulation highlighting cross-border concerns
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