MAS: Annual report 2006 / 2007
CONTENTS
HOME
 
ENTERPRISE: Our Role
BUILDING ON A ROBUST MACROECONOMIC ENVIRONMENT
DEVELOPMENTS IN THE SINGAPORE SECURITIES MARKET
FOSTERING A SOUND & REPUTABLE FINANCIAL CENTRE
RISK MANAGEMENT & INFRASTRUCTURE
GROWING SINGAPORE AS AN INTERNATIONALLY COMPETITIVE FINANCIAL CENTRE
CURRENCY
ORGANISATIONAL INITIATIVES
GROWING SINGAPORE AS AN INTERNATIONALLY
COMPETITIVE FINANCIAL CENTRE
34
Asset Management 34
Box 7 - Emerging Clusters In Singapore’s Financial Services 35
Active Trading in the Equities and Derivatives Market 37
Leading Real Estate Investment Trusts Market in Asia 38
Shipping Trusts Seek Singapore Listing 38
Infrastruc ture Finance Taps the Capital Markets 38
Box 8 - Regulatory Oversight Of Commodity Futures 38
Growth in Collateralised Debt Obligations Market 39
Growth in Over-the-Counter Commodity Derivatives  
  Central Counterparty Clearing Activity 39
Box 9 - Listing Of Pioneer Exchange Traded Funds 39
 
Box 8
REGULATORY OVERSIGHT OF COMMODITY FUTURES
Trading in commodity futures is currently regulated under the Commodity Trading Act (CTA) by International Enterprise Singapore (IE). IE and MAS plan to transfer regulatory oversight of commodity futures from IE under the CTA to MAS under the SFA and the FAA. Commodity futures would then come under the same regulatory framework as other types of futures contracts (such as financial futures contracts) currently regulated by MAS.

This transfer will facilitate Singapore’s growth as a hub for commodity futures trading. A single regulator for all futures related activities will streamline licensing and compliance, as entities broking both commodity futures and financial futures (regulated by MAS) would only need a single licence. MAS has consulted closely with industry players to ensure a smooth transition.