Singapore legislation
Clause 6
Clause 6
Amendment of section 4
Section 4 of the principal Act is amended by deleting subsection (1) and substituting the following subsection:“(1) No person shall establish or maintain or assist in establishing or maintaining or hold himself out as providing or maintaining —
(a)
any commodity market unless such commodity market has been approved by the Board under section 5(2); or
(b)
a commodity futures market other than the Commodity Futures Exchange that has been approved by the Board under section 5(2).”.