Singapore legislation

Section 45

of Futures Trading Act

Section 45

Information to be provided by market participants

Amended by9/95

(1)

Upon a determination by the Authority that information concerning accounts may be relevant to determine whether manipulation, corner, squeeze or other market disorders exists in any futures market or foreign exchange market, the Authority may, by notice in writing, require such information as the Authority thinks necessary from any person, including a member of a Futures Exchange or a clearing house or a futures broker or any customer in the futures market or foreign exchange market, and the person concerned shall provide the required information within such time as may be specified by the Authority.

(2)

If the Authority has reason to believe that any person has failed to give the information in relation to trading in futures contracts required in the notice, the Authority may, without prejudice to any other penalty that may be imposed, inform the Exchange or the clearing house which shall, in that event, prohibit the execution of, or acceptance for orders of, trades on the Exchange or the clearing house and in the months or expiration dates specified in the notice unless such trades offset open contracts of that person.

Amended by9/95
Section 45 — Futures Trading Act | laws.sg