Singapore legislation
Regulation 38
of Securities and Futures (Clearing Facilities) Regulations 2013
Regulation 38
Business continuity plan
Subregulation 1
A recognised clearing house shall maintain at all times a plan of action (referred to in this regulation as a business continuity plan) setting out the procedures and establishing the systems necessary to restore, in the event of any disruption to the processes of any clearing facility which it operates, safe and efficient operations of that clearing facility.
Subregulation 2
A recognised clearing house shall review and test the procedures and systems referred to in paragraph (1) on such regular basis as may be specified in the business continuity plan.