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← Securities and Futures Act 2001

Securities and Futures Act 2001 s 129N

s 129N Power of Authority to make regulations

129N.—(1) Without affecting section 341, the Authority may make regulations for the purposes of this Part.[4/2017] (2) In deciding whether to prescribe any derivatives contract or class of derivatives contracts for the purposes of the definition of “specified derivatives contract” in section 129I, the Authority may have regard to —(a) the level of systemic risk posed by that derivatives contract or class of derivatives contracts; (b) the characteristics and level of standardisation of the contractual terms and operational processes relating to that derivatives contract or class of derivatives contracts; (c) the depth and liquidity of the market for that derivatives contract or class of derivatives contracts; (d) the international regulatory approach towards that derivatives contract or class of derivatives contracts; (e) the types of persons that transact in that derivatives contract or class of derivatives contracts, and the purposes of transacting in that derivatives contract or class of derivatives contracts; (f) the availability of approved exchanges or recognised market operators that operate organised markets, and the availability of facilities prescribed pursuant to section 129J(1), for the trading of that derivatives contract or class of derivatives contracts; (g) whether there is any anti‑competitive effect associated with that derivatives contract or class of derivatives contracts; and (h) any other matter that the Authority considers to be relevant.[4/2017]

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Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. Read the official text ↗

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

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