Section 5

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.

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