Application
3.—(1)  This Act shall not apply to —
(a)a futures market established and maintained by the Singapore International Monetary Exchange Ltd or the clearing house of that futures market;
(b)a futures market of a Futures Exchange approved by the Monetary Authority of Singapore under section 4 of the Futures Trading Act [Cap. 116];
(c)a body corporate approved as a clearing house by the Monetary Authority of Singapore under section 8 of the Futures Trading Act;
(d)the holder of a licence issued under the Futures Trading Act and acting lawfully under that Act; and
(e)any trading of futures contracts lawfully carried out under the Futures Trading Act (Cap. 116),
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only to the extent that the activities carried out by or in such futures market or Futures Exchange, or by any body corporate or holder of a licence or the trading of futures contracts are regulated, under the Futures Trading Act.
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(2)  The Futures Trading Act shall not apply to —
(a)a futures market of a Commodity Futures Exchange approved by the Board under section 5;
(aa)a commodity market approved by the Board under section 5;
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(b)a body corporate approved as a clearing house by the Board under section 9;
(c)the holder of a licence issued under this Act and acting lawfully under this Act; and
(d)any trading of commodity futures contracts lawfully carried out under this Act,
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only to the extent that the activities carried out by or in such futures market or by any body corporate or holder of a licence or the trading of commodity futures contracts are regulated, under this Act.
[22/2001 wef 27/06/2001]