The Monetary Authority of Singapore (MAS) has announced on Tuesday that it has made the following new retail regulations:
Retail investors will now have access to 20:1 leverage (previous leverage was 50:1).
As stated in the announcement, exemption from the new measures are only specified holders of a licence who maintain a base capital of $150,000, meaning that you need to be an accredited investor to do so. To qualify, however, one needs to have personal assets of $1.5 million, or more than Singaporean $1m in cash.
Changes in regulation come as no surprise nowadays, since ESMA started the trend last year. The MAS has warned once again that high leverage poses risks to retail traders.