Singapore legislation

Section 43

of Futures Trading Act

Section 43

Production of records, etc., by Futures Exchange, clearing house, futures broker, etc.

Amended by9/95

(1)

A Futures Exchange, a clearing house, a futures broker, a futures trading adviser or a futures pool operator shall —

(a)

produce any books, accounts and records kept by it or him in connection with, or for the purposes of, its or his business, or in respect of any trading in futures contracts, foreign exchange trading or leveraged foreign exchange trading;

(b)

collect and furnish any returns; and

(c)

provide any information relating to its or his business, or any trading in futures contracts, foreign exchange trading or leveraged foreign exchange trading, or any other specified information,as the Authority may require.

Amended by9/95

(2)

The Authority may, on production of any books, accounts or records under subsection (1), take copies of or extracts from them.

(3)

If any of the persons or bodies mentioned in subsection (1), without reasonable excuse, fails to comply with any requirement under subsection (1), the person or body concerned shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $20,000.