46AAE. Responsibilities of officers, member, etc., of approved exchange or recognised market operator

Terms defined in this Act

• approved exchange

  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;

  Open s 2
• auditor

  auditor

  Defined · s 2

  “auditor” means a public accountant who is registered or deemed to be registered under the Accountants Act 2004 and, in Division 1 of Part 13, when used in relation to an entity not being a company, includes —(a)a person who is duly registered, licensed, approved or otherwise authorised to practise as an auditor (such practice to include the issue of any opinion, report or other document on the audit of any financial statement) —(i)under the laws of the place where the entity is formed or constituted; or(ii)under the laws of the place of his or her practice, if the auditing standards that are or will be applied to the financial statements of the entity are —(A)auditing standards commonly applied in that place; or(B)international auditing standards (by whatever name called); or(b)such other person as the Authority may approve in any particular case to be an auditor for such entity;

  Open s 2
• Authority

  Authority

  Defined · s 2

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

  Open s 2
• book

  book

  Defined · s 2

  “book” includes any record, register, document or other record of information, and any account or accounting record, however compiled, recorded or stored, whether in written or printed form or on microfilm or in any other electronic form or otherwise;

  Open s 2
• Court

  Court

  Defined · s 46AAH

  “Court” means the General Division of the High Court;

  Open s 46AAH
• director

  director

  Defined · s 2

  “director” has the meaning given by section 4(1) of the Companies Act 1967;

  Open s 2
• member

  member

  Defined · s 2

  “member”, in relation to an approved exchange, a recognised market operator, an approved clearing house or a recognised clearing house, means a person who holds membership of any class or description in the approved exchange, recognised market operator, approved clearing house or recognised clearing house, whether or not the person holds any share in the share capital of the approved exchange, recognised market operator, approved clearing house or recognised clearing house, as the case may be;

  Open s 2
• office holder

  office holder

  Defined · s 46AAA

  “office holder”, in relation to an approved exchange or a recognised market operator, means any person acting as the liquidator, the provisional liquidator, the receiver or the receiver and manager of the approved exchange or recognised market operator (as the case may be), or acting in an equivalent capacity in relation to the approved exchange or recognised market operator (as the case may be);

  Open s 46AAA
• officer

  officer

  Defined · s 2

  “officer” has the meaning given by section 4(1) of the Companies Act 1967;

  Open s 2
• property

  property

  Defined · s 46AAH

  “property” includes property, right and power of every description;

  Open s 46AAH
• recognised market operator

  recognised market operator

  Defined · s 2

  “recognised market operator” means a corporation that is recognised by the Authority under section 9(1)(b) or (2) as a recognised market operator;

  Open s 2
• relevant business

  relevant business

  Defined · s 46AAA

  “relevant business” means any business of an approved exchange or a recognised market operator —(a)that the Authority has assumed control of under section 46AAB; or(b)in relation to which a statutory adviser or a statutory manager has been appointed under section 46AAB;

  Open s 46AAA
• statutory manager

  statutory manager

  Defined · s 46AAA

  “statutory manager” means a statutory manager appointed under section 46AAB.

  Open s 46AAA