The Monetary Authority of Singapore (MAS) has backed down on changes to its structured finance regime following negative feedback from the industry. But several controversial proposals, such as its products highlight sheet, will be enforced.
Last week, MAS released a second set of conclusions to its March 12 2009 consultation paper on selling and marketing unlisted investment products. It also issued a new consultation covering listed and unlisted instruments.
The regulator has ditched plans to define “complex...