Singapore legislation

Section 59

of Securities and Futures Act 2001

Section 59

Obligation to manage risks prudently, etc.

Amended by4/2017

Without limiting section 57(1)(b), an approved clearing house must ensure that the systems and controls concerning the assessment and management of risks of the clearing facility that the approved clearing house operates are adequate and appropriate for the scale and nature of its operations.

Section 59 — Securities and Futures Act 2001 | laws.sg