Singapore legislation
Clause 41
Clause 41
Effect of revocation
Any revocation of recognition referred to in section 40 shall not operate so as to —
(a)
avoid or affect any agreement, transaction or arrangement entered into on the securities market or futures market operated by the recognised trading system provider, whether the agreement, transaction or arrangement was entered into before or after the revocation of the recognition; or
(b)
affect any right, obligation or liability arising under such agreement, transaction or arrangement.