Singapore legislation

Regulation 10

of Securities and Futures (Transitional and Savings Provisions for Parts II, III and IIIA) Regulations 2005

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.