Regulation 1
Citation and commencement
These Regulations are the Securities and Futures (Prescribed Underlying Thing) Regulations 2020 and come into operation on 18 May 2020.
/akn/sg/act/sub_leg/2001/SFA-S381-2020
Securities and Futures (Prescribed Underlying Thing) Regulations 2020
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- Type
- Subsidiary Legislation
- Status
- In force
- Enacted
- 2001
- Sections
- 3
Quick answer
About this subsidiary legislation
Securities and Futures (Prescribed Underlying Thing) Regulations 2020 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation SFA-S381-2020 2001, currently marked in force and first recorded in 2001.
Regulation 2
Prescribed underlying thing
Subregulation 1
For the purposes of paragraph (a)(v) of the definition of “underlying thing” in section 2(1) of the Act, the following are prescribed as underlying things:
(a)
in relation to a futures contract traded on an organised market that is established or operated by any recognised market operator — any intangible property that is not a payment token; (b)in relation to a futures contract traded on an organised market that is established or operated by any approved exchange —
(i)
any payment token; and
(ii)
any intangible property; (c)in relation to a derivatives contract (other than a futures contract) traded on an organised market that is established or operated by any approved exchange — any payment token.
Subregulation 2
In this regulation, “payment token” means any digital representation of value —
(a)
that is expressed as a unit;
(b)
the value of which is determined in any way, other than being permanently fixed by the issuer of the digital representation of value at the time when the digital representation of value is issued to either a single currency or 2 or more currencies;
(c)
that is, or is intended to be, a medium of exchange accepted by the public, or a section of the public, as payment for goods or services or for the discharge of a debt; and
(d)
that can be transferred, stored or traded electronically.
Regulation 3
Revocation
The Securities and Futures (Prescribed Underlying Thing) Regulations 2018 (G.N. No. S 627/2018) are revoked.
Common questions
- What is Securities and Futures (Prescribed Underlying Thing) Regulations 2020?
- Securities and Futures (Prescribed Underlying Thing) Regulations 2020 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation SFA-S381-2020 2001, currently marked in force and first recorded in 2001.
- Is Securities and Futures (Prescribed Underlying Thing) Regulations 2020 still in force?
- Yes — Securities and Futures (Prescribed Underlying Thing) Regulations 2020 is currently in force.
- When did Securities and Futures (Prescribed Underlying Thing) Regulations 2020 take effect?
- Securities and Futures (Prescribed Underlying Thing) Regulations 2020 was first recorded in 2001.
- How many regulations does Securities and Futures (Prescribed Underlying Thing) Regulations 2020 have?
- Securities and Futures (Prescribed Underlying Thing) Regulations 2020 contains 3 regulations.
- Where can I read the official version of Securities and Futures (Prescribed Underlying Thing) Regulations 2020?
- The official text of Securities and Futures (Prescribed Underlying Thing) Regulations 2020 is published at sso.agc.gov.sg.