Singapore legislation
Section 144
Section 144
Exercise of certain powers in relation to financial benchmarks
(1)
This section applies where the Authority considers that —
it may be necessary to give a direction in relation to any designated benchmark under section 123ZZB; or
a person may have contravened any of the provisions of Part 12 in relation to a financial benchmark.
(2)
Where the Authority believes on reasonable grounds that a person is capable of giving information concerning any of the following matters:
the activity of administering a financial benchmark;
the activity of providing information in relation to a financial benchmark;
the financial position of any authorised benchmark administrator, exempt benchmark administrator, authorised benchmark submitter, exempt benchmark submitter or designated benchmark submitter;
the financial position of any business carried on by a nominee controlled by a person mentioned in paragraph (c) or jointly controlled by 2 or more persons, at least one of whom is a person mentioned in that paragraph;
an audit of, or any report of an auditor concerning, any book of any authorised benchmark administrator, exempt benchmark administrator, authorised benchmark submitter, exempt benchmark submitter, or designated benchmark submitter, being a book relating to a designated benchmark,the Authority may require the person to disclose to the Authority the information that the person has about that matter.