The Monetary Authority of Singapore is seeking comment of its proposed regulatory scheme for over-the-counter intermediaries. Among other initiatives, MAS proposes to collapse its current approach of separately regulating dealing in securities, dealing in futures contracts and leveraging foreign exchange trading into a new collective regulated activity that also includes dealing in OTC derivatives contracts. The new regulated activity would be termed “dealing in capital markets products,” although requirements related to transactions in OTC products would recognize “differences between the traditional securities market … and the OTC derivatives market, including the roles that intermediaries play in these markets.” Comments are due by July 3, 2015.