Securities and Futures Act 2001 · 2020 Revised Edition · Part 12 · Market Conduct
208. Exception for conduct pursuant to policy requirement
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Section 207 does not apply in respect of any thing done or to be done or any course of conduct engaged by, or by a person acting on behalf of, a public authority or international body, whether in Singapore or elsewhere —
in respect of monetary policy;
in respect of policies with respect to exchange rates, the management of public debt or foreign exchange reserves; or
for the purpose of managing the price or value of any commodity.
commodity
“commodity” means —(a)any produce, item, goods or article;(b)any index, right or interest in any produce, item, goods or article; or(c)any index, right, interest, tangible property or intangible property of any nature that is, or belongs to a class of indices, rights, interests, tangible properties or intangible properties that is, prescribed for the purposes of this definition,but does not include —(d)any produce, item, goods or article that is, or that belongs to a class of produce, items, goods or articles that is, prescribed not to be a commodity for the purposes of this definition; or(e)any index, right or interest in any produce, item, goods or article that is, or that belongs to a class of indices, rights or interests that is, prescribed not to be a commodity for the purposes of this definition;