Section 46E

the activities that the corporation may undertake;

the transactions that may be reported to the corporation in its capacity as a trade repository; and

the nature of the investors or participants who may use or have an interest in the corporation as a trade repository.

whether adequate arrangements exist for co‑operation between the Authority and the primary financial services regulatory authority responsible for the supervision of the foreign trade repository in the country or territory in which the head office or principal place of business of the foreign trade repository is situated; and

whether the foreign trade repository is, in the country or territory in which the head office or principal place of business is situated, subject to requirements and supervision comparable, in the degree to which the objectives specified in section 46A are achieved, to the requirements and supervision to which licensed trade repositories are subject under this Act.

the relevant laws and practices of the country or territory in which the head office or principal place of business of the foreign trade repository is situated; and

the rules and practices of the foreign trade repository acting in its capacity as a trade repository.

the corporation has not provided the Authority with such information as the Authority may require, relating to —

the corporation or any person employed by or associated with the corporation for the purposes of the corporation’s business or operations; or

any circumstances likely to affect the corporation’s manner of conducting business or operations;

any information or document provided by the corporation to the Authority is false or misleading;

the corporation or a substantial shareholder of the corporation is in the course of being wound up or otherwise dissolved, whether in Singapore or elsewhere;

execution against the corporation or a substantial shareholder of the corporation in respect of a judgment debt has been returned unsatisfied in whole or in part;

a receiver, a receiver and manager, a judicial manager or a person in an equivalent capacity has been appointed, whether in Singapore or elsewhere, in relation to, or in respect of, any property of the corporation or a substantial shareholder of the corporation;

the corporation or a substantial shareholder of the corporation has, whether in Singapore or elsewhere, entered into a compromise or scheme of arrangement with the creditors of the corporation or shareholder (as the case may be), being a compromise or scheme of arrangement that is still in operation;

the corporation, a substantial shareholder of the corporation or any officer of the corporation —

has been convicted, whether in Singapore or elsewhere, of an offence committed before, on or after 1 August 2013, involving fraud or dishonesty or the conviction for which involved a finding that the corporation, shareholder or officer (as the case may be) had acted fraudulently or dishonestly; or

has been convicted of an offence under this Act committed before, on or after 1 August 2013;

the Authority is not satisfied as to the educational or other qualifications or experience of the officers or employees of the corporation, having regard to the nature of the duties they are to perform in connection with the establishment or operation of any licensed trade repository or licensed foreign trade repository;

the corporation fails to satisfy the Authority that the corporation is a fit and proper person or that all of its officers, employees and substantial shareholders are fit and proper persons;

the Authority has reason to believe that the corporation may not be able to act in the best interests of its participants, having regard to the reputation, character, financial integrity and reliability of the corporation or its officers, employees or substantial shareholders;

the Authority is not satisfied as to —

the financial standing of the corporation or any of its substantial shareholders; or

the manner in which the business of the corporation is to be conducted, or the operations of the corporation are to be conducted;

the Authority is not satisfied as to the record of past performance or expertise of the corporation, having regard to the nature of the business or operations which the corporation may carry on or conduct in connection with the establishment or operation of any licensed trade repository or licensed foreign trade repository;

there are other circumstances which are likely to —

lead to the improper conduct of business or operations by the corporation or any of its officers, employees or substantial shareholders; or

reflect discredit on the manner of conducting the business or operations of the corporation or any of its substantial shareholders;

the Authority has reason to believe that the corporation, or any of its officers or employees, will not operate a safe and efficient trade repository; or

the Authority is of the opinion that it would be contrary to the interests of the public to grant the corporation a trade repository licence or foreign trade repository licence.

the corporation is in the course of being wound up or otherwise dissolved, whether in Singapore or elsewhere;

a receiver, a receiver and manager or a person in an equivalent capacity has been appointed, whether in Singapore or elsewhere, in relation to, or in respect of, any property of the corporation;

the corporation has been convicted, whether in Singapore or elsewhere, of an offence committed before, on or after 1 August 2013, involving fraud or dishonesty or the conviction for which involved a finding that it had acted fraudulently or dishonestly.