Singapore legislation
Clause 31
Clause 31
Listing of exchange holding company on securities exchange
(1)
The securities of an exchange holding company may be listed for quotation on a securities exchange if the exchange holding company has entered into such arrangements as the Authority may require —
for dealing with possible conflicts of interest that may arise from the listing for quotation on a securities exchange of securities of the exchange holding company; and
for the purpose of ensuring the integrity of trading of the securities of the exchange holding company,and the exchange holding company shall comply with such requirements.
(2)
The listing rules of the securities exchange shall be deemed to allow the Authority, instead of the securities exchange, to make decisions and to take action (or require the securities exchange to make decisions and to take action on the Authority’s behalf) on —
the admission to or removal from the securities exchange’s official list of the exchange holding company; and (b)granting, stopping or suspending the securities of the exchange holding company from being listed for quotation or quoted on the securities exchange.
(3)
The Authority may, by notice in writing —
modify the listing rules of the securities exchange for the purpose of applying to the listing for quotation or trading of the securities of the exchange holding company; and (b)exempt the exchange holding company from any listing rule of the securities exchange.