The latest compliance news: regulatory developments, punishments, guidance, permissions and new product and service offerings.

UK-listed CMC Markets, the online financial trading firm, yesterday said that its Singapore subsidiary entity, CMC Markets Singapore Invest Pte, has received a regulatory in-principle approval from the Monetary Authority of Singapore for a capital markets services licence. 

The move by the MAS means that CMC can offer online and mobile trading of globally listed shares, exchange traded funds, futures, and options, the firm said. 

Pending final regulatory approval, the CMSL will allow CMSI to offer CMC Invest – a multi-product single platform for clients to trade international and local stocks, ETFs, futures, and options. CMC Invest is expected to soft-launch at the end of the first quarter of this year.

CMC Invest will provide clients with zero commission and real-time pricing in selected markets such as Singapore, the US, and Australia. CMC Markets already has similar licences in the UK and Australia for Invest.