2. Deemed approved exchanges

The following companies shall each be deemed to have been approved as an approved exchange under section 8(1) of the Act:

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.

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.

The following companies shall each be deemed to have been approved as an approved exchange under section 8(1) of the Act:

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.

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.