No. S 544
Securities and Futures Act
(Chapter 289)
Securities and Futures (Markets) (Amendment) Regulations 2003
In exercise of the powers conferred by sections 7 and 341 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 (Markets) (Amendment) Regulations 2003 and shall come into operation on 22nd December 2003.
Amendment of regulation 15
2.  Regulation 15 of the Securities and Futures (Markets) Regulations 2002 (G.N. No. S 455/2002) (referred to in these Regulations as the principal Regulations) is amended by deleting paragraph (3) and substituting the following paragraph:
“(3)  A securities exchange or futures exchange shall immediately notify the Authority of any activation of its business continuity plan and of any action taken or intended to be taken to restore fair, orderly and expeditious operations of the securities exchange or futures exchange.”.
Amendment of regulation 28
3.  The principal Regulations are amended by renumbering regulation 28 as paragraph (1) of that regulation, and by inserting immediately thereafter the following paragraph:
“(2)  Section 333(1) of the Act shall not apply to any offence referred to in paragraph (1).”.
Amendment of regulation 32
4.  Regulation 32 of the principal Regulations is amended by deleting paragraph (7) and substituting the following paragraph:
“(7)  Section 39 of the Act shall apply to a person deemed to be recognised as a recognised trading system provider under paragraph (3) only after the expiry of 6 months or such shorter period as the Authority may specify from the date of the written notice referred to in paragraph (2).”.
Amendment of regulation 35
5.  Regulation 35 of the principal Regulations is amended by deleting paragraph (7) and substituting the following paragraph:
“(7)  Section 39 of the Act shall apply to a person deemed to be recognised as a recognised trading system provider under paragraph (3) only after the expiry of 6 months or such shorter period as the Authority may specify from the date of the written notice referred to in paragraph (2).”.

Made this 20th day of November 2003.

KOH YONG GUAN
Managing Director,
Monetary Authority of
Singapore.
[SFD-MCH028/2001/PT 1; AG/LEG/SL/289/2002/1 Vol. 1]
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