Singapore legislation

Clause 5

Amendment of section 3

Section 3 of the principal Act is amended —

(a)

by deleting paragraph (e) of subsection (1) and substituting the following paragraph:“(e)any trading of futures contracts lawfully carried out under the Futures Trading Act (Cap. 116),only to the extent that the activities carried out by or in such futures market or Futures Exchange, or by any body corporate or holder of a licence or the trading of futures contracts are regulated, under the Futures Trading Act.”;

(b)

by inserting, immediately after paragraph (a) of subsection (2), the following paragraph:“(aa)a commodity market approved by the Board under section 5;”; and

(c)

by deleting paragraph (d) of subsection (2) and substituting the following paragraph:“(d)any trading of commodity futures contracts lawfully carried out under this Act,only to the extent that the activities carried out by or in such futures market or by any body corporate or holder of a licence or the trading of commodity futures contracts are regulated, under this Act.”.

Read in full context — Commodity Futures (Amendment) Bill →