Singapore legislation

Clause 48

of Securities and Futures Bill

Clause 48

Immunity from criminal or civil liability

No criminal or civil liability shall be incurred by —

(a)

a securities exchange or futures exchange;

(b)

any person acting on behalf of a securities exchange or futures exchange, including —

(i)

any member of the board of directors of the securities exchange or futures exchange; or

(ii)

any member of any committee established by the securities exchange or futures exchange,in respect of anything done or omitted to be done with reasonable care and in good faith in the discharge or purported discharge of its obligations under this Act or the business rules or, where appropriate, listing rules of the securities exchange or futures exchange.

Read in full context — Securities and Futures Bill →