Regulation 1
Citation and commencement
These Regulations may be cited as the Securities and Futures (Clearing Facilities) (Savings and Transitional Provisions) Regulations 2013 and shall come into operation on 1st August 2013.
/akn/sg/act/sub_leg/2013/S459
Securities and Futures (Clearing Facilities) (Savings and Transitional Provisions) Regulations 2013
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- Type
- Subsidiary Legislation
- Status
- In force
- Enacted
- 2013
- Sections
- 3
Quick answer
About this subsidiary legislation
Securities and Futures (Clearing Facilities) (Savings and Transitional Provisions) Regulations 2013 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation S459 2013, currently marked in force and first recorded in 2013.
Regulation 2
Definitions
In these Regulations, unless the context otherwise requires —“Act” means the Securities and Futures Act (Cap. 289);“approved clearing house”, “Authority”, “clearing facility” and “recognised clearing house” have the same meanings as in section 2(1) of the Act;“Singapore corporation” has the same meaning as in section 48(1) of the Act.
Definition
“approved clearing house”, “Authority”, “clearing facility” and “recognised clearing house” have the same meanings as in section 2(1) of the Act;
Definition
“Singapore corporation” has the same meaning as in section 48(1) of the Act.
Regulation 3
Corporations deemed to be approved clearing houses
Subregulation 1
Every Singapore corporation specified in the Schedule, being, immediately before 1st August 2013, a person operating a clearing facility, shall, on and after that date, be deemed to have been approved as an approved clearing house under section 51(1)(a) of the Act with effect from that date.
Subregulation 2
Every condition or restriction imposed, on a Singapore corporation specified in the Schedule, by the Authority under Part III of the Act in force immediately before 1st August 2013 shall, on and after that date, continue in force as if that condition or restriction had been imposed by the Authority under section 51(4) of the Act.
Subregulation 3
Without prejudice to paragraph (2), the approval referred to in paragraph (1) of a Singapore corporation shall be subject to such conditions or restrictions as the Authority may think fit to impose under section 51(4) of the Act by notice in writing to the corporation.
Common questions
- What is Securities and Futures (Clearing Facilities) (Savings and Transitional Provisions) Regulations 2013?
- Securities and Futures (Clearing Facilities) (Savings and Transitional Provisions) Regulations 2013 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation S459 2013, currently marked in force and first recorded in 2013.
- Is Securities and Futures (Clearing Facilities) (Savings and Transitional Provisions) Regulations 2013 still in force?
- Yes — Securities and Futures (Clearing Facilities) (Savings and Transitional Provisions) Regulations 2013 is currently in force.
- When did Securities and Futures (Clearing Facilities) (Savings and Transitional Provisions) Regulations 2013 take effect?
- Securities and Futures (Clearing Facilities) (Savings and Transitional Provisions) Regulations 2013 was first recorded in 2013.
- How many regulations does Securities and Futures (Clearing Facilities) (Savings and Transitional Provisions) Regulations 2013 have?
- Securities and Futures (Clearing Facilities) (Savings and Transitional Provisions) Regulations 2013 contains 3 regulations.
- Where can I read the official version of Securities and Futures (Clearing Facilities) (Savings and Transitional Provisions) Regulations 2013?
- The official text of Securities and Futures (Clearing Facilities) (Savings and Transitional Provisions) Regulations 2013 is published at sso.agc.gov.sg.