Singapore legislation
Section 129N
Section 129N
Power of Authority to make regulations
(1)
Without affecting section 341, the Authority may make regulations for the purposes of 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 129I, 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 international regulatory approach towards that derivatives contract or class of derivatives contracts;
the types of persons that transact in that derivatives contract or class of derivatives contracts, and the purposes of transacting in that derivatives contract or class of derivatives contracts;
the availability of approved exchanges or recognised market operators that operate organised markets, and the availability of facilities prescribed pursuant to section 129J(1), for the trading of 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; and
any other matter that the Authority considers to be relevant.