Singapore legislation
Section 129G
Section 129G
Power of Authority to make regulations
(1)
Without affecting section 341, the Authority may make regulations for the purposes of this Part, including regulations to prescribe anything which may be prescribed under this Part.
(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 129B, the Authority may have regard to —
the level of systemic risk posed by that derivatives contract or class of derivatives contracts;
the characteristics and level of standardisation of the contractual terms and operational processes relating to that derivatives contract or class of derivatives contracts;
the depth and liquidity of the market for that derivatives contract or class of derivatives contracts;
the availability of fair, reliable and generally accepted pricing sources for that derivatives contract or class of derivatives contracts;
the international regulatory approach towards that derivatives contract or class of derivatives contracts;
whether there is any anti‑competitive effect associated with that derivatives contract or class of derivatives contracts;
the availability of approved clearing houses or recognised clearing houses that operate clearing facilities for the clearing of that derivatives contract or class of derivatives contracts; and
any other matters that the Authority deems to be relevant.