123U. Records of authorised benchmark administrators and exempt benchmark administrators

Terms defined in this Act

• administering a designated benchmark

  administering a designated benchmark

  Defined · s 2

  “administering a designated benchmark” means —(a)controlling the development of the definition of a designated benchmark for the purpose of determining a designated benchmark;(b)controlling the development of the methodology of determining a designated benchmark;(c)controlling the review of the definition of a designated benchmark for the purpose of determining a designated benchmark;(d)controlling the review of the methodology of determining a designated benchmark;(e)managing any arrangements, processes or mechanisms for the purpose of determining a designated benchmark;(f)collecting, analysing or processing any information or expression of opinion for the purpose of determining a designated benchmark;(g)applying a formula or other methods of calculation to information or expressions of opinion in order to determine a designated benchmark; or(h)monitoring and conducting surveillance of any information or expressions of opinion provided for the purpose of determining a designated benchmark,but does not include providing information in relation to a designated benchmark or any act that is necessary or incidental to providing such information;

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• authorised benchmark administrator

  authorised benchmark administrator

  Defined · s 2

  “authorised benchmark administrator” means a corporation that is authorised by the Authority under section 123F(1) as an authorised benchmark administrator;

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• Authority

  Authority

  Defined · s 2

  “Authority” means the Monetary Authority of Singapore established under the Monetary Authority of Singapore Act 1970;

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• business

  business

  Defined · s 46AAA

  “business” includes affairs and property;

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• exempt benchmark administrator

  exempt benchmark administrator

  Defined · s 2

  “exempt benchmark administrator” means a person who is exempted under section 123K(1) from the requirement to be an authorised benchmark administrator;

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• principal

  principal

  Defined · s 2

  “principal”, in relation to a representative, means a person whom the representative is in the direct employment of, is acting for or is acting by arrangement with, and on behalf of whom the representative carries or will carry out any regulated activity;

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