Clause 14
Amendment of section 81S
of Securities and Futures (Amendment) Bill
BillNot in forceProvision 14 of 120
Clause 14
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.”.