Singapore legislation

Section 208

of Securities and Futures Act 2001

Section 208

Exception for conduct pursuant to policy requirement

Amended by4/2017

Section 207 does not apply in respect of any thing done or to be done or any course of conduct engaged by, or by a person acting on behalf of, a public authority or international body, whether in Singapore or elsewhere —

(a)

in respect of monetary policy;

(b)

in respect of policies with respect to exchange rates, the management of public debt or foreign exchange reserves; or

(c)

for the purpose of managing the price or value of any commodity.