A collective move

Singapore regulation


Non-specialised collective investment schemes (CISs) constituted in Singapore were given the go-ahead to invest in financial derivatives as an asset class following new rules introduced by the Monetary Authority of Singapore (MAS) on December 22. These CIS schemes could previously only use derivatives for hedging and efficient portfolio management purposes, and typically invested in cash equity or fixed-income instruments.

The MAS decision was taken to ensure the lion city's financial regulat