Regulations to prescribe "underlying thing" in relation to derivatives contracts.

Written Reply to Parliamentary Question on the regulations on non-approved exchanges, and whether MAS will issue guidelines to financial institutions offering crypto derivatives for retail investors.

MAS has issued a consultation paper proposing to allow payment token derivatives to be traded on Approved Exchanges and to regulate the activity under the Securities and Futures Act.  Interested parties are invited to submit their comments on the proposed regulation of payment token derivatives on Approved Exchanges to capital_markets@mas.gov.sg by 20 Dec 2019.