Singapore legislation
Clause 92
Clause 92
Amendment of section 341
Section 341 of the principal Act is amended —
by deleting paragraph (f) of subsection (2) and substituting the following paragraph:“(f)the conditions for the conduct of business on any securities exchange, futures exchange, recognised market operator, licensed trade repository, licensed foreign trade repository, approved clearing house or recognised clearing house;”;
by inserting, immediately after paragraph (a) of subsection (3), the following paragraph:“(aa)may contain provisions of a savings or transitional nature;”; and
by inserting, immediately after subsection (3), the following subsections:“(3A) For the purposes of paragraphs (a)(iv) and (b) of the definition of “derivatives contract” in section 2(1), the Authority may prescribe different contracts, arrangements, transactions and classes of contracts, arrangements or transactions for different purposes.(3B) For the purposes of the definition of “financial instrument” in section 2(1), the Authority may prescribe different things for different purposes.(3C) For the purposes of paragraphs (a)(iii) and (b) of the definition of “underlying thing” in section 2(1), the Authority may prescribe different arrangements, events, indices, intangible properties, tangible properties, transactions and classes of arrangements, events, indices, intangible properties, tangible properties or transactions for different purposes.”.