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The Securities and Futures Act governs the regulation of activities and institutions in the securities and derivatives industry.

Overview: The Securities and Futures Act governs the regulation of activities and institutions in the securities and derivatives industry, including leveraged foreign exchange trading of financial benchmarks and of clearing facilities. 

  • Section 46AA, 46Y and 81S: Emergency Powers of the Authority to direct an exchange or market operator to maintain or restore the fair, orderly and transparent operation of the organized markets. “Emergency” includes any threatened or actual market manipulation or cornering. 
  • Section 123B. With respect to promoting fair and transparent determination of financial benchmarks and reduce systemic risk, this section mentions the determination of the financial benchmark could be susceptible to manipulation. 
  • Section 198: Manipulation in relation to securities and securities-based derivatives contracts. 
  • Section 201B: Manipulation of price of derivatives contracts and cornering. 
  • Section 207: Manipulation of financial benchmarks. 
  • Division 3: Insider trading 
  • Section 218: Prohibited conduct by connected person in possession of inside information. 
  • Section 219: Prohibited conduct by other persons in possession of inside information. 
  • Section 220: Not necessary to prove intention to use (insider trading). 
  • Section 221: Penalties under this Division (insider trading). 
  • Sections 222-231: Exceptions (insider trading). 

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Nasdaq Crypto Regulation Guide: APAC

Regulation of cryptocurrency varies globally by region, jurisdiction, and regulatory body. Nasdaq’s comprehensive and updated Cryptocurrency Regulation Guide APAC provides a snapshot of recent recommendations from international regulatory and standards-setting bodies as well as key developments in Asia-Pacific.

Stay up to date with evolving crypto regulations.