Regulation 1
Citation and commencement
These Regulations are the Securities and Futures (Prescribed Excluded Derivatives Contracts) Regulations 2018 and come into operation on 8 October 2018.
/akn/sg/act/sub_leg/2001/SFA-S628-2018
Securities and Futures (Prescribed Excluded Derivatives Contracts) Regulations 2018
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- Type
- Subsidiary Legislation
- Status
- In force
- Enacted
- 2001
- Sections
- 2
Quick answer
About this subsidiary legislation
Securities and Futures (Prescribed Excluded Derivatives Contracts) Regulations 2018 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation SFA-S628-2018 2001, currently marked in force and first recorded in 2001.
Regulation 2
Contracts or arrangements excluded from definition of “derivatives contract”
Subregulation 1
For the purposes of the definition of “derivatives contract” in section 2(1) of the Act, a contract or arrangement for the sale and purchase of one or more commodities (called in this regulation underlying commodities) is prescribed not to be a derivatives contract if —
(a)
the contract or arrangement is for the purpose of fulfilling the needs of the day‑to‑day operations of the business of one or more of the parties to the contract or arrangement; and
(b)
subject to any settlement option that may be agreed amongst the parties to the contract or arrangement —
(i)
the seller of the underlying commodities is required to deliver the underlying commodities; and (ii)the buyer of the underlying commodities is required to take delivery of the underlying commodities.
Subregulation 2
In this regulation, “settlement option” means an option under which the parties to the contract or arrangement may settle part or all of the amounts owing by one party to the other party by payment of cash instead of delivery of the commodity or commodities, as the case may be.
Common questions
- What is Securities and Futures (Prescribed Excluded Derivatives Contracts) Regulations 2018?
- Securities and Futures (Prescribed Excluded Derivatives Contracts) Regulations 2018 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation SFA-S628-2018 2001, currently marked in force and first recorded in 2001.
- Is Securities and Futures (Prescribed Excluded Derivatives Contracts) Regulations 2018 still in force?
- Yes — Securities and Futures (Prescribed Excluded Derivatives Contracts) Regulations 2018 is currently in force.
- When did Securities and Futures (Prescribed Excluded Derivatives Contracts) Regulations 2018 take effect?
- Securities and Futures (Prescribed Excluded Derivatives Contracts) Regulations 2018 was first recorded in 2001.
- How many regulations does Securities and Futures (Prescribed Excluded Derivatives Contracts) Regulations 2018 have?
- Securities and Futures (Prescribed Excluded Derivatives Contracts) Regulations 2018 contains 2 regulations.
- Where can I read the official version of Securities and Futures (Prescribed Excluded Derivatives Contracts) Regulations 2018?
- The official text of Securities and Futures (Prescribed Excluded Derivatives Contracts) Regulations 2018 is published at sso.agc.gov.sg.