6 December, 2019
Linklaters has advised Dalian Commodity Exchange (DCE) on their Recognised Market Operator (RMO) licence application in Singapore, which was approved by the Monetary Authority of Singapore (MAS) on 11 November. This is DCE’s second licence issued by an overseas regulatory body, after Linklaters assisted DCE to obtain the ATS licence, approved by the Hong Kong Securities and Futures Commission, last year.
Linklaters has a specialist Financial Market Infrastructure (FMI) Group which assists FMIs and their participants over a spectrum of legal and regulatory issues across the Asia Pacific region and globally. The FMI group has extensive experience in advising exchanges and clearing houses in obtaining regulatory approvals for trading and clearing in Hong Kong and Singapore, including advising DCE, Shanghai International Energy Exchange, Shanghai Stock Exchange and Zhengzhou Commodity Exchange.
Capital Markets partner, Chong Liew, commented:
“A key mission of Linklaters’ FMI Group is to assist Chinese FMIs and financial institutions to go international and connect to the world markets. We are delighted to have assisted DCE to obtain regulatory approvals in Hong Kong and Singapore enabling them to market their offering overseas and bring in international investors.”
Financial regulation partner, Peiying Chua, commented:
“Linklaters’ Financial Regulation Group has extensive experience assisting financial institutions on all aspects of regulatory compliance, including obtaining regulatory approvals. We are honoured to have helped DCE obtain their RMO licence in Singapore, which allows them to market their offering into Singapore.”
For further information, please contact:
Chong Liew, Partner, Linklaters
chin-chong.liew@linklaters.com
