Singapore legislation
Regulation 60
of Securities and Futures (Licensing and Conduct of Business) Regulations
Regulation 60
Exemptions for exempt persons previously carrying on business in dealing in specified contracts
Subregulation 1
A person mentioned in section 99(1)(a) or (b) of the Act who was, immediately before 8 October 2018, carrying on business in dealing in specified contracts is exempt from the application of regulations 54(1) and 54B(1), in respect of any business in dealing in capital markets products that are specified contracts, until 8 October 2021.
Subregulation 2
A person mentioned in section 99(1)(c) of the Act who was, immediately before 8 October 2018, carrying on business in dealing in specified OTC derivatives contracts is exempt from the application of regulations 54(1) and 54B(1), in respect of any business in the regulated activity of dealing in capital markets products that are specified OTC derivatives contracts, until 8 October 2021.