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Clifford Chance

Clifford Chance


MAS consults on draft regulations for clearing of OTC derivatives

8 July 2015

The enactment of the Securities and Futures (Amendment) Act 2012 on 15 November 2012 introduced, amongst others, a regulatory framework for mandatory clearing of OTC derivatives contracts under Part VIB of the Securities and Futures Act (SFA). In line with the G20 objectives and recommendations by the Financial Stability Board, the Monetary Authority of Singapore (MAS) has proposed draft regulations to give effect to Part VIB of the SFA.

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