RMO Regulatory Disclosure

Terms not specifically defined in this notice shall bear the same meaning as defined in the Securities and Futures Act 2001 of Singapore (“SFA”).

  1. Asia Digital Exchange Pte. Ltd. (the “Exchange”) is recognised by the Monetary Authority of Singapore (“MAS”) under section 9(1)(b) of the SFA as a recognised market operator (“RMO”) in respect of operating an organised market (the “Organised Market”) for securities and collective investment schemes (“CIS”), the property of which consists solely of capital market products (“CMP”).
  1. In respect of Paragraph 1, please note the following:
  • The Exchange’s recognition as RMO under section 9(1)(b) of the SFA is restricted to its operations of the Organised Market (and does not extend to the Exempted Market as described under Paragraph 3 below, which is not regulated under the SFA).
  • All offers of (i) securities made on the Organised Market are made in reliance of an exemption under Subdivision (4) of Division 1 under Part 13 of the SFA; and (ii) units in a CIS made on the Organised Market are made in reliance of an exemption under Subdivision (4) of Division 2 under Part 13 of the SFA.
  • The admission of issuers of securities and units in a CIS made available for trading on the Organised Market is not subject to MAS’ oversight.
  1. The Exchange may also operate an organised market for CIS, the property of which consists solely of non-CMPs (such as real estate or carbon credit (scope 1 and 2) generated from nature-based solutions or renewable energy sources) (such CIS being “Exempted CIS”, and such market being the “Exempted Market”). In respect of the Exempted Market, the Exchange is exempted by MAS from complying with sections 7(1), 33(1), 35(1), 36(1), 37, and 39 of the SFA, regulations 24, 25 and 26 of the Securities and Futures (Organised Markets) Regulations 2018, and paragraph 3 of the Notice on Execution of Orders by Market Operators (Notice No: SFA 02-N03). For the avoidance of doubt, the Exchange is neither an approved exchange nor an RMO in respect of operating the Exempted Market.
  1. In respect of Paragraph 3, please note the following:
  • All offers of units in Exempted CIS made on the Exempted Market are made in reliance of an exemption under Subdivision (4) of Division 2 under Part 13 of the SFA.
  • The admission of issuers of units in Exempted CIS made available for trading on the Exempted Market is not subject to MAS’ oversight.
  1. Members and other Exchange participants should seek independent professional advice if they do not fully understand the risks of investing through the Exchange.