Singapore legislation

Clause 126

of Securities and Futures Bill

Clause 126

Trading against customer

The holder of a capital markets services licence to trade in futures contracts shall not knowingly enter into a transaction to buy from or sell to its customer any futures contract for the holder’s own account, an account of a person associated with or connected to it or for an account in which the holder has an interest, except with the customer’s prior consent and in accordance with the business rules and practices of a futures exchange or recognised trading system provider.