MAS issues insider trading law for consultation

Singapore revealed changes to insider trading laws that will penalize anyone who trades on the insider information regardless of whether the accused has any links to the company. The Monetary Authority of Singapore, the markets regulator and central bank, on Jan. 29, 2001, issued a consultative paper on the proposed changes that will also extend the scope of such law from stocks to futures and option contracts. "Liability will now directly depend on whether the accused traded whilst in knowin