‘Master Directions’ include rules on NBFC accepting client deposits and standalone primary dealers.
Revisions would allow intermediaries to place client assets in more product types.
Stock exchange market cap of $71.3bn represents 38% of GDP, a 6-year high.
SEBI has already signed 22 MoUs with other regulators; sent 44 assistance request to other jurisdictions in 2015/16.
Regulator proposes activity-based regime under single regulatory framework.
IMC says it is cooperating with regulator on inquiry into Shanghai-based operation.
Sources say Xuan Changneng’s role is to assist securities regulator’s chairman.
Five firms issued with licences under Ordinance introduced in November 2015.
Managing director says exchange aims to introduce derivatives, improve technology and sell overseas.
Regulator’s managing director says Singapore lacks the capital and talent of other fintech centres.