Singapore legislation
Clause 42
Clause 42
Definitions
(1)
For the purposes of this Part —
Definition
“constituent documents” means the memorandum and articles of association of the Market Company;
Definition
“Market Company” means the company which holds an electricity licence authorising it to operate any wholesale electricity market.
(2)
In the event of any inconsistency —
(a)
between the constituent documents and this Act or the market rules, this Act or the market rules, as the case may be, shall prevail to the extent of the inconsistency; or
(b)
between the market rules and this Act, this Act shall prevail to the extent of the inconsistency.
(3)
Nothing in this Part shall be construed as conferring on the Market Company the exclusive right or privilege to operate any wholesale electricity market.