Regulation 1
Citation and commencement
These Regulations may be cited as the Securities and Futures (Transitional and Savings Provisions for Parts II, III and IIIA) Regulations 2005 and shall come into operation on 1st July 2005.
/akn/sg/act/sub_leg/2005/S370
Securities and Futures (Transitional and Savings Provisions for Parts II, III and IIIA) Regulations 2005
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- Type
- Subsidiary Legislation
- Status
- In force
- Enacted
- 2005
- Sections
- 11
Quick answer
About this subsidiary legislation
Securities and Futures (Transitional and Savings Provisions for Parts II, III and IIIA) Regulations 2005 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation S370 2005, currently marked in force and first recorded in 2005.
Part I
PRELIMINARY
Regulation 2
Deemed approved exchanges
Subregulation 1
The following companies shall each be deemed to have been approved as an approved exchange under section 8(1) of the Act:
(a)
the company known as Singapore Exchange Securities Trading Limited, which was approved as a securities exchange under section 9 of the Act in force immediately before 1st July 2005; and (b)the company known as Singapore Exchange Derivatives Trading Limited, which was approved as a futures exchange under section 9 of the Act in force immediately before 1st July 2005.
Subregulation 2
Any condition or restriction imposed by the Authority, by notice in writing, on any of the companies referred to in paragraph (1) as a securities exchange or a futures exchange, as the case may be, and in force immediately before 1st July 2005 shall be deemed to be a condition or restriction to which its approval under section 8(1) of the Act is subject.
Regulation 3
Deemed application for recognition as recognised market operator
An application for recognition as a recognised trading system provider made under section 36(1) of the Act in force immediately before 1st July 2005 that is pending approval immediately before that date shall be deemed to be an application for recognition as a recognised market operator made under section 7(2)(a) of the Act, and the fee which accompanied such application shall be deemed to be the application fee referred to under section 7(2)(b) of the Act.
Regulation 4
Deemed recognised market operators
Subregulation 1
The corporations known as —
(a)
Bloomberg Tradebook Singapore Pte Ltd;
(b)
BrokerTec USA, LLC;
(c)
Chicago Mercantile Exchange Inc.;
(d)
Euronext Paris S.A.;
(e)
Garban, LLC;
(f)
LIFFE Administration and Management;
(g)
MarketAxess Europe Limited;
(h)
New York Mercantile Exchange, Inc.;
(i)
The International Petroleum Exchange of London Limited; and
(j)
TradeWeb Europe Limited,which were each recognised as a recognised trading system provider under section 36 of the Act in force immediately before 1st July 2005 shall each be deemed to have been recognised as a recognised market operator under section 8(2) of the Act.
Subregulation 2
Any condition or restriction imposed by the Authority, by notice in writing, on any of the corporations referred to in paragraph (1) as a recognised trading system provider and in force immediately before 1st July 2005 shall be deemed to be a condition or restriction to which its recognition under section 8(2) of the Act is subject.
Regulation 5
Deemed exempt market operators
Subregulation 1
The corporations known as —
(a)
Australian Stock Exchange Limited; and
(b)
DebtDomain Pte Ltd,which were each exempted under section 5(5) of the Act in force immediately before 1st July 2005 shall each be deemed to have been declared as an exempt market operator under section 14(8) of the Act.
Subregulation 2
Any condition or restriction imposed by the Authority, by notice in writing, on any of the corporations referred to in paragraph (1) and in force immediately before 1st July 2005 shall be deemed to be a condition or restriction to which its exemption under section 14(8) of the Act is subject.
Regulation 6
Directions to securities exchange and futures exchange
Subregulation 1
Any written direction issued by the Authority to Singapore Exchange Securities Trading Limited as a securities exchange and in force immediately before 1st July 2005 shall be deemed to be a direction issued to it as an approved exchange under section 46(1) of the Act.
Subregulation 2
Any direction issued by the Authority to Singapore Exchange Derivatives Trading Limited as a futures exchange and in force immediately before 1st July 2005 shall be deemed to be a direction issued to it as an approved exchange under section 46(1) of the Act.
Regulation 7
Listed futures contract
Any futures contract that has been approved for listing or trading on a futures exchange by the Authority before 1st July 2005 for the purpose of section 25 of the Act in force immediately before 1st July 2005 and continued to be so approved immediately before that date shall be deemed to have been approved by the Authority for the purposes of section 29 of the Act for listing or trading on that exchange where that exchange is deemed to be an approved exchange under regulation 2.
Regulation 8
Deemed designated clearing houses
Subregulation 1
The companies known as —
(a)
The Central Depository (Pte) Limited; and
(b)
Singapore Exchange Derivatives Clearing Limited,which were each approved as a clearing house under section 51 of the Act in force immediately before 1st July 2005 shall each be deemed to have been designated as a designated clearing house under section 55(1) of the Act.
Subregulation 2
Any condition or restriction imposed by the Authority, by notice in writing, on any of the companies referred to in paragraph (1) and in force immediately before 1st July 2005 shall be deemed to be a condition or restriction imposed on that designated clearing house under section 78(1) of the Act.
Regulation 9
Directions to clearing house
Any written direction issued by the Authority to any of the companies referred to in regulation 8(1) as a clearing house and in force immediately before 1st July 2005 shall be deemed to be a direction issued to it as a designated clearing house under section 79(1) of the Act.
Regulation 10
Deemed approved holding company
Subregulation 1
The company known as Singapore Exchange Limited, which was approved as an exchange holding company of Singapore Exchange Securities Trading Limited, Singapore Exchange Derivatives Trading Limited, The Central Depository (Pte) Limited and Singapore Exchange Derivatives Clearing Limited under section 29 of the Act in force immediately before 1st July 2005, shall be deemed to have been approved as an approved holding company under section 81W(1) of the Act in respect of those companies.
Subregulation 2
Any condition or restriction imposed by the Authority, by notice in writing, on Singapore Exchange Limited in force immediately before 1st July 2005, shall be deemed to be a condition or restriction to which its approval under section 81W(1) of the Act is subject.
Subregulation 3
Any arrangements —
(a)
entered into by Singapore Exchange Limited pursuant to section 31 in force immediately before 1st July 2005; and
(b)
having effect immediately before 1st July 2005,shall be deemed to have satisfied the requirements of the Authority under section 81ZG(1) of the Act.
Regulation 11
Directions to Singapore Exchange Limited
Any written direction issued by the Authority to Singapore Exchange Limited as an exchange holding company and in force immediately before 1st July 2005 shall be deemed to be a direction issued to it as an approved holding company under section 81ZL(1) of the Act.
Common questions
- What is Securities and Futures (Transitional and Savings Provisions for Parts II, III and IIIA) Regulations 2005?
- Securities and Futures (Transitional and Savings Provisions for Parts II, III and IIIA) Regulations 2005 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation S370 2005, currently marked in force and first recorded in 2005.
- Is Securities and Futures (Transitional and Savings Provisions for Parts II, III and IIIA) Regulations 2005 still in force?
- Yes — Securities and Futures (Transitional and Savings Provisions for Parts II, III and IIIA) Regulations 2005 is currently in force.
- When did Securities and Futures (Transitional and Savings Provisions for Parts II, III and IIIA) Regulations 2005 take effect?
- Securities and Futures (Transitional and Savings Provisions for Parts II, III and IIIA) Regulations 2005 was first recorded in 2005.
- How many regulations does Securities and Futures (Transitional and Savings Provisions for Parts II, III and IIIA) Regulations 2005 have?
- Securities and Futures (Transitional and Savings Provisions for Parts II, III and IIIA) Regulations 2005 contains 11 regulations.
- Where can I read the official version of Securities and Futures (Transitional and Savings Provisions for Parts II, III and IIIA) Regulations 2005?
- The official text of Securities and Futures (Transitional and Savings Provisions for Parts II, III and IIIA) Regulations 2005 is published at sso.agc.gov.sg.