Clause 3

a futures market established and maintained by the Singapore International Monetary Exchange Ltd or the clearing house of that futures market;

a futures market of a Futures Exchange approved by the Monetary Authority of Singapore under section 4 of the Futures Trading Act [Cap. 116];

a body corporate approved as a clearing house by the Monetary Authority of Singapore under section 8 of the Futures Trading Act;

the holder of a licence issued under the Futures Trading Act and acting lawfully under that Act; and

any trading of futures contracts lawfully carried out under the Futures Trading Act.

a futures market of a Commodity Futures Exchange approved by the Board under section 5;

a body corporate approved as a clearing house by the Board under section 9;

the holder of a licence issued under this Act and acting lawfully under this Act; and

any trading of commodity futures contracts lawfully carried out under this Act.