Singapore legislation
Clause 16
Clause 16
Business rules of securities exchange or futures exchange have effect as contract
The business rules of a securities exchange or futures exchange shall operate as a binding contract —
(a)
between the securities exchange or futures exchange and each member; and
(b)
between a member and any other member,under which each of the persons mentioned in paragraphs (a) and (b) agrees to observe and perform the provisions of the business rules as are in force for the time being, so far as those provisions are applicable to that person.