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← Securities and Futures Act 2001

Securities and Futures Act 2001 s 129J

s 129J Trading of specified derivatives contracts

129J.—(1) Every specified person who executes a specified derivatives contract must do so —(a) on an organised market operated by an approved exchange or a recognised market operator, or on or through any other facility prescribed by regulations made under section 129N; and (b) in the form and manner prescribed by regulations made under that section.[4/2017] (2) Any specified person who contravenes subsection (1) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $100,000.[4/2017] (3) A failure to comply with subsection (1) does not of itself render the specified derivatives contract that is executed voidable or void.[4/2017]

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Source: Singapore Statutes Online (Attorney-General's Chambers), © Government of Singapore.

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