On the 21st July 2014, the Monetary Authority of Singapore published a consultation paper inviting public opinion to enhance the regulatory framework. The aim of this paper is to propose stronger measures to protect and safeguard investor interests. Three main issues were highlighted and they included 1. regulating investments in non-conventional investment products, 2. implementing a complexity risk rating for investment products and 3. extending to accredited investors the same set of safeguards available to all retail investors.
I believe it is a step in the right direction and I am all for this set of regulations.
Currently, many companies are structuring their products (including collective investment schemes in properties, landbanking and precious metal buyback schemes) to fall beyond the gambit of the MAS. By expanding the regulatory umbrella, MAS will be able to check and contain the dishonest amongst them and prevent investors from falling prey.
In addition, assigning ......