Singapore legislation
Clause 14
Clause 14
Amendment of section 81S
Section 81S of the principal Act is amended by inserting, immediately after subsection (1), the following subsection:“(1A) The Authority may also make regulations for the purpose of carrying out section 61, including —
(a)
requiring a designated clearing house to reckon specified positions for the purposes of determining if limits established or varied under section 61(1) have been exceeded;
(b)
requiring a designated clearing house to take specified steps to ensure compliance with those limits; and
(c)
specifying measures to manage any risks assumed by a designated clearing house.”.