In forceAmended2020 Revised EditionCurrent version · 2020 Revised EditionSee versions on Singapore Statutes Online(opens the publisher’s site)
Securities and Futures Act 2001 · 2020 Revised Edition · Part 2 · Organised Markets
24. Business rules of approved exchanges have effect as contract
Feedback & supportAmended
Last amended by an amending law of 2017.
(1)
The business rules of an approved exchange are to be treated, and are to operate, as a binding contract —
(a)
between the approved exchange and each member; and
(b)
between each member and every other member.
(2)
The approved exchange and each member are treated to have agreed to observe and perform the provisions of the business rules that are in force for the time being, so far as those provisions are applicable to the approved exchange or that member, as the case may be.
approved exchange
Defined · s 2
“approved exchange” means a corporation that is approved by the Authority under section 9(1)(a) as an approved exchange;