s 129B Interpretation of this Part
129B. In this Part, unless the context otherwise requires —“clearing” means any arrangement, process, mechanism or service provided by a person in respect of transactions, by which parties to those transactions substitute, through novation or otherwise, the credit of such person for the credit of the parties; “specified derivatives contract” means any derivatives contract that is, or that belongs to a class of derivatives contracts that is, prescribed by the Authority by regulations made under section 129G for the purposes of this definition; “specified person” means —(a) any bank that is licensed under the Banking Act 1970; (b) any merchant bank licensed under the Banking Act 1970; (c) any finance company licensed under the Finance Companies Act 1967; (d) any insurer licensed under the Insurance Act 1966; (e) [Deleted by Act 4 of 2017] (f) any holder of a capital markets services licence; or (g) any other person who is, or who belongs to a class of persons which is, prescribed by the Authority by regulations made under section 129G for the purposes of this definition.[34/2012; 10/2013; 4/2017; 1/2020]