MAS stops short of defining complex products in consultation

Chris Lee, UBS

Financial regulator the Monetary Authority of Singapore (MAS) has published a handbook for retail investors that details for the first time how it believes structured products should be sold. The publication of Making Sense of Structured Products in its second public consultation coincided with the lifting of bans on sales of structured products imposed on 10 financial institutions in Singapore in July 2009.

At the time of publication, the Singapore watchdog was careful to state that it was

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