Singapore legislation

Section 68

of Securities and Futures Act 2001

Section 68

Power of court to order observance or enforcement of business rules

Amended by34/201240/201934/201234/2012

(1)

Where any person who is under an obligation to comply with, observe, enforce or give effect to the business rules of an approved clearing house fails to do so, the General Division of the High Court may, on the application of the Authority, the approved clearing house or a person aggrieved by the failure, and after giving the firstmentioned person an opportunity to be heard, make an order directing the firstmentioned person to comply with, observe, enforce or give effect to those business rules.

Amended by34/201240/2019

(2)

In this section, “person” includes an approved clearing house.

Amended by34/2012

(3)

This section is in addition to, and not in derogation of, any other remedy available to the aggrieved person referred to in subsection (1).

Amended by34/2012