Commodity Exchange Act – Singapore

Published on November 21, 2022 by Market Abuse Centre

In Singapore, to regulate markets, various legislative packages apply. This includes the Commodity Trading Act (CTA). CTA is specifically of relevance for commodity trading.

The Commodity Trading Act (CTA) was further amended in 2008, and regulatory oversight of commodity futures was transferred from International Enterprise Singapore (IE Singapore) to the Monetary Authority of Singapore (MAS).

Today, the CTA covers all commodities and regulates commodity trading activities, including:

  • Commodity forward contracts
  • Leveraged commodity trading
  • Trading in differences, and
  • Spot commodity trading

The Commodity Trading Act Act does not apply to each of the following three parties:

  1. (1) the Singapore Exchange Derivatives Clearing Ltd;
  2. (2) a person operating a clearing facility within the meaning of the Securities and Futures Act 2001 who:
    1. (i) has notified the Monetary Authority of Singapore of the person’s intent to operate the clearing facility under section 49 of that Act; or
    2. (ii) is exempted under section 53 of that Act;
  3. (3) the holder of a capital markets services licence under the Securities and Futures Act 2001 in respect of leveraged foreign exchange trading, when acting lawfully under that Act, but only to the extent that the activities carried out by such person are regulated under the Securities and Futures Act 2001.

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Entrima and Market Abuse Centre (MAC) are the two labels we operate to provide learning services for professionals in the commodity & energy markets.
 
 


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Entrima’s mission is to transfer knowledge regarding the business, controls & operations of parties in (or relating to) the wholesale markets.

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MAC’s mission is to facilitate the prevention & detection of misconduct and to foster proper behaviour in organisations. This is achieved via training, periodic updates and increased awareness.

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