Singapore legislation

Regulation 8

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

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.

Read in full context — Securities and Futures (Transitional and Savings Provisions for Parts II, III and IIIA) Regulations 2005 →