Singapore legislation

Section 46ZC

of Securities and Futures Act 2001

Section 46ZC

Obligation to manage risks prudently

Amended by34/2012

Without limiting section 46ZB(1)(b), a licensed foreign trade repository must —

(a)

ensure that the systems and controls concerning the assessment and management of risks to the licensed foreign trade repository are adequate and appropriate for the scale and nature of its operations; and

(b)

have adequate arrangements, processes, mechanisms or services to collect and maintain information on transactions reported to the licensed foreign trade repository.

Read in full context — Securities and Futures Act 2001 →