REGULATION WATCH- FRA approves bylaws for futures exchange: The Financial Regulatory Authority (FRA) approved the bylaws of a futures exchange and a preliminary template contract for the establishment of the legal entity that will house it, the market regulator said in a statement (pdf). The new bourse will be the day-to-day market operator for futures trading. The creation of a futures market comes after amendments to the executive regulations of the Capital Markets Act issued last July opened the door to the introduction of new financial instruments.

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