Singapore legislation
Section 24
Section 24
Business rules of approved exchanges have effect as contract
Amended by4/20174/2017
(1)
The business rules of an approved exchange are to be treated, and are to operate, as a binding contract —
(a)
between the approved exchange and each member; and
(b)
between each member and every other member.
Amended by4/2017
(2)
The approved exchange and each member are treated to have agreed to observe and perform the provisions of the business rules that are in force for the time being, so far as those provisions are applicable to the approved exchange or that member, as the case may be.
Amended by4/2017