Definitions
2.—(1)  In these Regulations, unless the context otherwise requires —
“appointed person” means a person appointed by the Minister for the purposes of section 43P of the Act;
“approved global trading company” means a global trading company that is approved for the purposes of section 43P of the Act by the Minister or the appointed person, and includes a global trading company which is treated under regulation 6(3) as an approved global trading company;
“carbon credit” means the right to emit an amount of any greenhouse gas that has the same global warming potential as one tonne of carbon dioxide;
“commodity” means any of the commodities specified in the Schedule;
“physical trading” means trading in any commodity on a spot or forward basis between an approved global trading company and any other entity, where the intention of the parties at the time the transaction is entered into is that actual delivery of the commodity is required, whether or not the delivery is actually made.
[S 235/2017 wef 21/02/2017]
(2)  In these Regulations, a commodity is specified for an approved global trading company if it is specified under regulation 3(1)(b) for the company.