The Monetary Authority of Singapore has released a policy consultation paper on proposed amendments to the Securities and Futures Act and the Financial Advisers Act. This is the third in a series of policy consultations MAS is conducting following a review of the two acts that started in 2006. This policy consultation paper sets out proposed amendments in a number of areas: perpetual licensing for holders of corporate licences; regulatory assistance to foreign regulators; licensing exemptions relating to fund management, leveraged foreign exchange trading and advising on corporate finance; and definitions of “securities” and “futures contract” in the SFA and the FAA. According to the city state’s regulator, these amendments aim to enhance its oversight of capital markets services and financial advisors’ licence holders, and the responsiveness of the regulatory framework to market innovation. Comments on the policy consultation paper are invited by 9 November 2007.