Securities and Futures Act |
Securities and Futures (Clearing Facility) Order 2006 |
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Citation and commencement |
1. This Order may be cited as the Securities and Futures (Clearing Facility) Order 2006 and shall come into operation on 13th February 2006. |
Definition |
2. In this Order, “over-the-counter derivatives transaction” has the same meaning as in the Securities and Futures (Clearing Facilities) Regulations 2005 (G.N. No. S 366/2005). |
Clearing facility for over-the-counter derivatives transactions |
3. For the purposes of paragraph (b) of the definition of “clearing facility” in paragraph 4(1) of the First Schedule to the Act, the Authority hereby prescribes the facility operated by the Singapore Exchange Derivatives Clearing Limited for the clearing or settlement of over-the-counter derivatives transactions as a clearing facility. |
Managing Director, Monetary Authority of Singapore. |
[SFD MCH 012/2003 Vol. 3 pl; AG/LEG/SL/289/2005/6 Vol. 1] |