Singapore will begin to regulate occasionally controversial investment schemes like gold buybacks as capital markets products, and will raise the hurdles for wealthier accredited investors to access those schemes, the Monetary Authority of Singapore (MAS) announced on Tuesday.
SINGAPORE will begin to regulate occasionally controversial investment schemes like gold buybacks as capital markets products, and will raise the hurdles for wealthier accredited investors to access those schemes, the Monetary Authority of Singapore (MAS) announced on Tuesday.
The regulatory changes, which will be tabled in Parliament in 2016, will treat precious metals buyback schemes as debentures equivalent to collateralised borrowing.