Clause 53
Power of Authority to make regulations
of Securities and Futures Bill
BillNot in forceProvision 74 of 348
Clause 53
(1)
Without prejudice to section 341, the Authority may make regulations relating to the approval of and the requirements applicable to a clearing house.
(2)
Regulations made under this section may provide that a contravention of specified provisions thereof shall be an offence and may impose a fine not exceeding $200,000.