Singapore legislation
Section 129J
Section 129J
Trading of specified derivatives contracts
Amended by4/20174/20174/2017
(1)
Every specified person who executes a specified derivatives contract must do so —
(a)
on an organised market operated by an approved exchange or a recognised market operator, or on or through any other facility prescribed by regulations made under section 129N; and
(b)
in the form and manner prescribed by regulations made under that section.
Amended by4/2017
(2)
Any specified person who contravenes subsection (1) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $100,000.
Amended by4/2017
(3)
A failure to comply with subsection (1) does not of itself render the specified derivatives contract that is executed voidable or void.
Amended by4/2017