Singapore legislation

Section 81T

Objectives of this Part

Amended by34/2012

The objectives of this Part are —

(a)

to provide a regulatory framework for the establishment and operation of holding companies of —

(i)

approved exchanges;

(ia)licensed trade repositories;

(ii)

approved clearing houses; and

(iii)

corporations that are approved holding companies,and to ensure that such holding companies are fit and proper to perform their functions; and

(b)

to reduce systemic risk.