No. S 443
Securities and Futures Act
(Chapter 289)
Securities and Futures (Exemption from Requirement to be Approved Holding Company) Regulations 2010
In exercise of the powers conferred by section 337(1) of the Securities and Futures Act, the Monetary Authority of Singapore hereby makes the following Regulations:
Citation and commencement
1.  These Regulations may be cited as the Securities and Futures (Exemption from Requirement to be Approved Holding Company) Regulations 2010 and shall come into operation on 31st August 2010.
Definitions
2.  In these Regulations —
“associates” has the same meaning as in section 81ZE(4)(c) of the Act;
“FT India” means Financial Technologies (India) Limited;
“FT Singapore” means Financial Technologies Singapore Pte Ltd;
“SMX” means Singapore Mercantile Exchange Pte Ltd;
“SMXCC” means Singapore Mercantile Exchange Clearing Corporation Pte Ltd.
Exemption for Financial Technologies (India) Limited
3.  With effect from 31st August 2010, FT India shall be exempted from section 81U(1) of the Act in relation to its status as a holding company of —
(a)FT Singapore;
(b)SMX; and
(c)SMXCC,
subject to the conditions specified in the Schedule.

Made this 6th day of August 2010.

HENG SWEE KEAT
Managing Director,
Monetary Authority of Singapore.
[CMD MCH 09/2010; AG/LLRD/SL/289/2005/42 Vol. 1]