55. Immunity of Board and its employees, etc.

Terms defined in s 2

• Board

  Board

  Defined · s 2

  “Board” means the Enterprise Singapore Board established by section 3 of the Enterprise Singapore Board Act 2018;

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• clearing house

  clearing house

  Defined · s 2

  “clearing house”, in relation to a commodity market, means a body corporate that —(a)clears and settles commodity contracts; and(b)makes adjustments to the contractual obligations arising out of those commodity contracts;

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• commodity market

  commodity market

  Defined · s 2

  “commodity market” means —(a)a market, whether in Singapore or elsewhere, at which commodity contracts are regularly made; or(b)an electronic system, whether operating in Singapore or elsewhere, through which trading in commodity contracts is carried out, but excludes an electronic facility which merely provides price or other information relating to commodity contracts (whether that facility is part of or carried on in conjunction with the provision of any other information not related to commodity contracts) and which does not permit users of the facility to channel orders for, execute transactions in, or make markets in, commodity contracts;

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• officer

  officer

  Defined · s 2

  “officer” has the meaning given by the Companies Act 1967;

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