Singapore legislation
Regulation 11
of Securities and Futures (Organised Markets) Regulations 2018
Regulation 11
Business continuity plan
Subregulation 1
An approved exchange must maintain at all times a plan of action setting out the procedures, and establishing the systems, necessary to restore, in the event of any disruption to the operations of any organised market that it operates, fair, orderly and transparent operations of that organised market.
Subregulation 2
An approved exchange must review the procedures and systems mentioned in paragraph (1) on such regular basis as may be specified in the plan of action mentioned in that paragraph.
Subregulation 3
An approved exchange must immediately notify the Authority of any activation of the plan of action mentioned in paragraph (1), and of any action taken or intended to be taken to restore fair, orderly and transparent operations of its organised market.
Subregulation 4
An approved exchange must —
inform the Authority of any material change to the plan of action mentioned in paragraph (1) within 14 days, or such longer period as the Authority may allow, after the change; and
if required by the Authority, submit a copy of the amended plan of action to the Authority.