The Markets in Financial Instruments (Equivalence) (Singapore) Regulations 2024

• Citation: S.I. 2024/1267
• Sections: 20

Section 1 Citation, commencement, extent and interpretation

(1) These Regulations may be cited as the Markets in Financial Instruments (Equivalence) (Singapore) Regulations 2024.

(2) These Regulations come into force on 31st December 2024.

(3) These Regulations extend to England and Wales, Scotland and Northern Ireland.

(4) In these Regulations—

“ MiFIR ” means Regulation (EU) No 600/2014 of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Regulation (EU) 648/2012 .

Section 2 Equivalence

The Treasury specify that the legal and supervisory framework of Singapore ensures that the trading venues authorised in Singapore and listed in the Schedule to these Regulations—

(a) comply with legally binding requirements which are equivalent to the requirements for the trading venues referred to in points (a), (b) and (c) of Article 28(1) of MiFIR resulting from that Regulation, United Kingdom law which was relied on by the United Kingdom before IP completion day to implement Directive 2014/65/EU , and Regulation (EU) No 596/2014 ; and

(b) are subject to effective supervision and enforcement in Singapore.

Section 1

Abaxx Exchange Pte. Ltd;

Section 2

Asia Pacific Exchange Pte. Ltd;

Section 3

BGC Partners (Singapore) Ltd;

Section 4

Bloomberg Tradebook Singapore Pte. Ltd;

Section 5

Cleartrade Exchange Pte. Ltd;

Section 6

Euronext Markets Singapore Pte. Ltd;

Section 7

FMX Securities (Singapore) Pte. Limited;

Section 8

GFI Group Pte. Ltd;

Section 9

ICAP (Singapore) Pte. Ltd;

Section 10

ICE Futures Singapore Pte. Ltd;

Section 11

LMAX Pte. Ltd;

Section 12

Nittan Capital Singapore Pte. Ltd;

Section 13

SGX FX Markets Pte. Ltd;

Section 14

Singapore Exchange Derivatives Trading Limited;

Section 15

Synoption Pte. Ltd;

Section 16

TFS Currencies Pte. Ltd;

Section 17

Tradition Singapore Pte. Ltd;

Section 18

Tullett Prebon (Singapore) Ltd.