30. A commodity broker’s representative, spot commodity broker’s representative, commodity trading adviser’s representative, commodity pool operator’s representative or spot commodity pool operator’s representative shall not change his principal in relation to which his licence was granted unless he has lodged a notice with the Board in such form as the Board may require.
Time for document to be lodged
31. Where a document is required by these Regulations to be lodged with the Board but a period of time within which the document is to be lodged is not specified, the document shall be lodged within 14 days after the happening of the event to which the document relates.
32. [Deleted by S 100/2008 wef 27/02/2008]
Compliance with financial reporting requirements, etc.
33. A person who is approved under section 5(2) of the Act as a commodity market, or who holds a licence granted under section 14 of the Act, and who —
(a)
is concurrently approved under section 28 of the Monetary Authority of Singapore Act (Cap. 186), or licensed under the Securities and Futures Act (Cap. 289) in respect of trading in futures contracts; and
[S 100/2008 wef 27/02/2008]
(b)
is required under any of those Acts to maintain minimum financial requirements and to keep and furnish to the Monetary Authority of Singapore or any other person, accounting or other records, confirmation and risk disclosure statements and other documents,
may be treated by the Board as having complied with the equivalent financial requirements under the Act, and as having kept or furnished such equivalent records or statements or other documents referred to in the Act to the satisfaction of the Board.
Offences
34. Any person who contravenes any provision of these Regulations for which no penalty is expressly provided shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $5,000.
Transitional provision
35.—(1) Notwithstanding the provisions of the Commodity Trading (Amendment) Regulations 2008 —
(a)
regulations 10 and 22(4), (6), (8), (9) and (11) in force immediately before 27th February 2008 shall continue to apply to a person who was a commodity futures broker immediately before that date; and
(b)
regulation 19 in force immediately before that date shall continue to apply to a person who was a commodity futures trading adviser immediately before that date,
in relation to any transaction entered into before that date, for a period of 6 years from the date of the transaction.
(2) Notwithstanding the provisions of the Commodity Trading (Amendment) Regulations 2008, regulation 25 in force immediately before 27th February 2008 shall continue to apply to a person who was a commodity futures broker immediately before that date, in relation to any transaction entered into before that date for a customer in respect of which a statement referred to in that regulation has yet to be furnished to the customer.
(3) In this regulation, “commodity futures broker” and “commodity futures trading adviser” have the meanings given to those expressions in the Act in force immediately before 27th February 2008.