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+65 6416 4958

Location

Singapore 238465

Regulation

Regulation

Amerex Singapore is regulated by the Monetary Authority of Singapore and the National Futures Association of USA and is committed to compliance with all the laws and regulations of both Singapore and the United States relating to the conduct of financial services. In particular, Amerex Singapore has implemented robust Anti-Money Laundering and Cybersecurity policies which are regularly reviewed and updated.

Monetary Authority of Singapore (MAS)

In 2012 Introducing Brokers (IB’s) in Singapore were granted an exemption under the Securities and Futures Act (SFA) from the requirement to hold a Capital Markets Services License. A number of conditions were imposed on this exemption and further conditions were added in March 2015 including a requirement to submit to MAS an auditor’s certification of the company’s compliance with those conditions.

Amerex Singapore’s exemption under the act was granted in November 2012.

National Futures Association (NFA)

Amerex Petroleum #2 Singapore Pte Ltd was registered as an Introducing Broker (NFA ID 0447389) NFA Member Approved and Swap Firm Approved on 8th September 2014. In addition to the requirement to maintain robust AML and Cybersecurity policies (see above) NFA requires the company to submit audited financial reports at least annually, to maintain written policies and conduct regular staff training in many other areas such as Ethics Training, Disaster Recovery and the company’s Privacy Policy.

Please note:

  1. Amerex Singapore only brokers block energy futures contracts which are then submitted to the relevant exchange’s clearing mechanism for clearing.
  2. Amerex brokers such contracts on a commission-only basis.
  3. Amerex will not, whether as principal or agent become a party to any derivative contract.
  4. Amerex does not carry any customer’s position, margin or account in its books and does not accept money or assets from any customer as settlement of, margin for or to guarantee or secure any contract for the purchase or sale of any futures contracts by that customer.
  5. The company is not a member of any exchange or designated clearing house and only has customers who are accredited, professional investors.
  6. Before broking any transaction for a new customer Amerex Singapore will conduct due diligence to determine the beneficial owners of the company concerned and to ensure that neither the company or its principals appear on any lists of prohibited entities published by US or Singapore government departments.
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