Singapore commodity derivatives regulation set for overhaul


Under wide-ranging regulations designed to bring Singapore's financial markets in line with the Group of 20's proposals on derivatives, the Monetary Authority of Singapore (MAS) and development agency International Enterprise Singapore (IE) have proposed that regulatory oversight for commodity derivatives switch from the current jurisdiction of the IE's Commodities Trading Act (CTA) to the MAS's Securities and Futures Act (SFA). The SFA took over regulation of commodity futures from the CTA i