The SFC is responsible for fostering an orderly securities and futures markets, to protect investors and to help promote Hong Kong as an international financial centre and a key financial market in China. Statement on regulatory framework for virtual asset portfolios managers, fund distributors and trading platform operators 1 Nov 2018. partnership where each partner is an accredited investor) and institutional investors (e.g., designated market-maker and registered fund management company) for the purpose of the SFA. 1.—. Since 2014, the SFC has organised this event on a biennial basis to promote dialogue with the industry and other stakeholders. —(1)  Subject to paragraph (2), the fees specified in the First Schedule are payable to the Authority for the purposes specified in that Schedule, and are not refundable. Together with new and revised underlying regulations, notices and guidelines that were simultaneously released, the SF(A)A introduces changes to rules in connection with licensing, prospectus requirements, conduct of business and market misconduct. The Regulations will implement a framework requiring over-the-counter (“OTC”) derivatives to be cleared on central counterparties (“CCPs”). Copyright © 2021 Government of Singapore. (2)  Any word or expression used in these Regulations that is defined in section 239 of the Act has the meaning given by that section. Securities and Futures (Offers of Investments) (Securities and Securities-based Derivatives Contracts) Regulations 2018 In exercise of the powers conferred by sections 240A(8), 337, 339(3) and 341 of the Securities and Futures Act, the Monetary Authority of Singapore makes the following Regulations: In exercise of the powers conferred by sections 240A(8), 337, 339(3) and 341 of the Securities and Futures Act, the Monetary Authority of Singapore makes the following Regulations: “ASEAN Debt Securities Disclosure Standards” means the common disclosure standards issued by the ASEAN Capital Markets Forum and called the ASEAN Debt Securities Disclosure Standards, updated from time to time and set out on the Authority’s website at http://www.mas.gov.sg; “ASEAN Disclosure Standards for Debt Issuance Programme” means the common disclosure standards issued by the ASEAN Capital Markets Forum for any ASEAN Offering of Plain Debt Securities that is part of a debenture issuance programme, updated from time to time and set out on the Authority’s website at http://www.mas.gov.sg; “ASEAN Equity Securities Disclosure Standards” means the common disclosure standards issued by the ASEAN Capital Markets Forum for any ASEAN Offering of equity securities, updated from time to time and set out on the Authority’s website at http://www.mas.gov.sg; “ASEAN Offering” means an offer of shares or Plain Debt Securities in Singapore and at least one other ASEAN participant country; “ASEAN participant country” means a member country of ASEAN that —, has adopted, as part of its disclosure requirements for offers of securities —. —(1)  These Regulations are the Securities and Futures (Financial Benchmarks) Regulations 2018 and, except for regulations 9(2), 13(2) and 21, come into operation on 8 October 2018. Regulatory engagement. Current version as at 25 Sep 2020 Print . (2) Regulations 9 (2), 13 (2) and 21 come into operation on 8 October 2020. Regulatory calendar. Most of the amendments in the SF(A)A are operative from 1 and 8 October 2018, save for two provisions1. Securities and Futures (Offers of Investments) (Securities and Securities-based Derivatives Contracts) Regulations 2018, Please check the legislation timeline to ensure that you are viewing the correct legislation version. 3 Obligations of specified financial institution, 6 Information that may be omitted from preliminary document, 7 Form and content requirements of product highlights sheet, 11 Supplementary document and replacement document, 12 General requirements for documents lodged with Authority, 16 Report about securities or securities-based derivatives contracts published and delivered to institutional investors, 17 Requirements for advertisement or publication, 18 Approval of advertisement or publication, 26 Preparation and availability of semi‑annual reports, 29 Disclosure of bid or redemption prices and related information, 30A Exemption from Subdivisions (2) and (3) of Division 1 of Part XIII of Act, 30B Exemptions from section 239C(1) of Act, 31 Exemption from section 240 of Act for offer made pursuant to bonus warrant, 33 Exemption from requirement for expert’s consent under section 249(1) of Act, 34 Exemption from aggregation requirement in sections 272A(5)(, 35 Determination of closely related offer for small offer and private placement, 37 Disclosure requirement under section 273(1)(, 37A Exemptions from section 276(1), (3) and (4) of Act, 37B Securities or securities-based derivatives contracts to which exemptions under section 277(1) of Act do not apply, 38 Contents of offer information statement under section 277 of Act, 39 Non‑applicability of section 339(2) of Act under certain circumstances, —(1)  In these Regulations, unless the context otherwise requires —, Obligations of specified financial institution, —(1)  The Authority may, by notice in writing —. Securities and Futures Act Amendments – Classification of Accredited Investors and the Opt-In Regime Introduction The Securities and Futures (Amendment) Act 2017 introduced a spate of significant changes to the securities and derivatives industry. of which the terms applicable to each offer are negotiated and agreed upon over‑the‑counter, at the time of the transaction, between the specified financial institution and the person to whom the offer is made; “Plain Debt Securities” has the meaning given by the ASEAN Debt Securities Disclosure Standards; “reference assets”, in relation to an offer of structured notes, means —. Fit and Proper Criteria An issuer is exempt from complying with section 309B (1) of the Act in relation to an offer of any capital markets products, if the offer is made to — Securities and Futures (Prescribed Debentures) Regulations 2018 (1) These Regulations are the Securities and Futures (Organised Markets) Regulations 2018 and, except for regulation 12, come into operation on 8 October 2018. SFC Annual Report 2018-19. —(1)  The forms to be used for the purposes of Division 1 of Part XIII of the Act and these Regulations are those set out at the Authority’s website accessible at http://www.mas.gov.sg (under “OPERA”), or at https://eservices.mas.gov.sg/opera, and any reference in these Regulations to a numbered form is to be construed as a reference to the current version of the form that bears the corresponding number and is displayed at that website. 23/02/2018: Clean Copy of Securities and Futures Advisors Regulations 2017 ( updated February 21, 2018) Download: 18/04/2018: Amendments to the Companies (Incorporation) Regulations, 2017 : Download: 25/04/2018: Notification to Clearing Houses (Licensing and Operations) Regulations 2016 – Futures Act 2016: Download: 30/04/2018: Auditors (Reporting Obligations) Regulations, 2018: … 4 Requirements for authorisation as authorised benchmark administrator, 7 Matters dealt with by code on designated benchmark, 9 Responsibilities of oversight committee, 10 Resources to meet contingencies or disasters, 11 Obligation to notify Authority of certain matters, 15 Approval of chief executive officer or director of authorised benchmark administrator, 16 Removal of officer of authorised benchmark administrator, 18 Condition of exemption under section 123ZH(1) of Act, 19 Obligation to notify Authority of certain matters, 23 Approval of chief executive officer or director of authorised benchmark submitter or designated benchmark submitter, 24 Removal of officer of authorised benchmark submitter or designated benchmark submitter, 27 Exemption from section 123ZC(1) of Act, 28 Exemption from Subdivision (4) of Division 3 of Part VIAA and section 123O(6) of Act. 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