Regulatory Oversight of Commodity Futures
The regulatory oversight of commodity futures was transferred from
International Enterprise Singapore to MAS in February 2008. With the
transfer, brokers trading in commodity futures are regulated by MAS
under the SFA, resulting in a more streamlined process for entities
engaging in the broking of both commodity and financial futures, as
they will only need a single licence from MAS. This facilitates Singapore's
growth as a hub for commodity futures trading.
MAS has reviewed the base capital requirements under the SFA to
ensure their relevance for brokers who trade exclusively in commodity
futures contracts. The revised base capital requirements took effect
in February 2008, following the public consultation in August 2007.
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