The Securities and Futures (Amendment) Act 2017 passed by Parliament on 9 January 2017 introduces wide-ranging amendments to the Securities and Futures Act (SFA) and provides the Monetary Authority of Singapore (MAS) with legislative powers to complete its implementation of over-the-counter (OTC) derivatives reforms. MAS intends to implement the amendments to the SFA by 2018.
To support this, MAS will consult the public on consequential amendments to key draft regulations in two phases.
For the first phase, on 28 April 2017, MAS published a consultation paper on, amongst others, the new Securities and Futures (Markets) Regulations 2017 (SFMR). MAS will issue the second consultation paper on other draft regulations later this month.