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MAS plans to boost market oversight 

February 16, 2015

Melissa Tan, AsiaOne Business

Rules dealing with financial activity such as short selling, derivatives and market misconduct are set to be toughened up.

The Monetary Authority of Singapore (MAS) released a consultation paper yesterday on proposed amendments to the Securities and Futures Act (SFA).

One change concerns short selling, which involves selling borrowed assets, such as shares, in hope of making money by repurchasing them later at a lower price. The MAS wants to boost transparency in this area by requiring more disclosure, it said yesterday.

For instance, investors would have to report their short positions to the MAS, which would then publish aggregated figures. This new rule would likely take effect in the middle of next year to give the financial industry time to prepare for it, the MAS said.

Read More: AsiaOne Business

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