5. Power to approve futures contracts
Feedback & supportLast amended by an amending law of 1995.
A Futures Exchange shall not list or de-list any futures contract on its Exchange or operate any electronic facility for trading of any futures contract without seeking the prior approval of the Authority.
Futures Exchange
“Exchange” or “Futures Exchange” means —(a)the Singapore International Monetary Exchange Ltd.; or(b)a body corporate —(i)that provides or proposes to provide the physical facilities necessary for trading in futures contracts; and(ii)that maintains or proposes to maintain a futures market that is approved by the Authority under section 4;
The Authority may grant approval for the listing of a futures contract on a Futures Exchange or for the trading of any futures contract on an electronic facility operated by the Exchange subject to such conditions as the Authority may think fit.
The requirement for approval under subsection (1) for the listing of futures contracts shall not apply to those contracts that, on 1st April 1995, are listed on the Singapore International Monetary Exchange Ltd.[4A
Exchange
“Exchange” or “Futures Exchange” means —(a)the Singapore International Monetary Exchange Ltd.; or(b)a body corporate —(i)that provides or proposes to provide the physical facilities necessary for trading in futures contracts; and(ii)that maintains or proposes to maintain a futures market that is approved by the Authority under section 4;