Singapore legislation
Clause 144
Clause 144
Exercise of certain powers in relation to futures contracts
(1)
This section shall apply where the Authority considers that —
it may be necessary to give a direction or take any action in relation to any trading in futures contracts under section 24; or
a person may have contravened any of the provisions of Part XII in relation to futures contracts.
(2)
Where the Authority believes on reasonable grounds that a person is capable of giving information concerning any of the following matters:
any trading in futures contracts;
any advice given, or any report or analysis issued or published concerning such futures contracts, by the holder of a capital markets services licence to trade in futures contracts, or a representative of such a holder;
the financial position of any business carried on by a person who is or has been (either alone or together with another person or other persons) the holder of a capital markets services licence to trade in futures contracts and has traded in or given advice or issued or published a report or an analysis concerning such futures contracts;
the financial position of any business carried on by a nominee controlled by a person referred to in paragraph (c) or jointly controlled by 2 or more persons, at least one of whom is a person referred to in that paragraph; or
an audit of, or any report of an auditor concerning, any book of the holder of a capital markets services licence to trade in futures contracts, being a book relating to trading in such futures contracts,the Authority may require the person to disclose to the Authority the information that the person has about that matter.