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In force since 2024-12-31, as the publisher states.
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Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.
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4 provisions
Title and introductory text
2024 No. 1267
Financial Services
The Markets in Financial Instruments (Equivalence) (Singapore) Regulations 2024
Made
2nd December 2024
Laid before Parliament
3rd December 2024
Coming into force
31st December 2024
The Treasury make these Regulations in exercise of the powers conferred by Article 28(4) of Regulation (EU) 600/2014 of the European Parliament and Council of 15 May 2014 on markets in financial instruments and amending Regulation (EU) 648/2012.
Propose a change1 Citation, commencement, extent and interpretation
(1) These Regulations may be cited as the Markets in Financial Instruments (Equivalence) (Singapore) Regulations 2024.
(2) These Regulations come into force on 31st December 2024.
(3) These Regulations extend to England and Wales, Scotland and Northern Ireland.
(4) In these Regulations—
“MiFIR” means Regulation (EU) No 600/2014 of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Regulation (EU) 648/2012.
Propose a change2 Equivalence
The Treasury specify that the legal and supervisory framework of Singapore ensures that the trading venues authorised in Singapore and listed in the Schedule to these Regulations—
(a) comply with legally binding requirements which are equivalent to the requirements for the trading venues referred to in points (a), (b) and (c) of Article 28(1) of MiFIR resulting from that Regulation, United Kingdom law which was relied on by the United Kingdom before IP completion day to implement Directive 2014/65/EU, and Regulation (EU) No 596/2014; and
(b) are subject to effective supervision and enforcement in Singapore.
Propose a changeSCHEDULE Trading Venues
Regulation 2
1 Abaxx Exchange Pte. Ltd;
2 Asia Pacific Exchange Pte. Ltd;
3 BGC Partners (Singapore) Ltd;
4 Bloomberg Tradebook Singapore Pte. Ltd;
5 Cleartrade Exchange Pte. Ltd;
6 Euronext Markets Singapore Pte. Ltd;
7 FMX Securities (Singapore) Pte. Limited;
8 GFI Group Pte. Ltd;
9 ICAP (Singapore) Pte. Ltd;
10 ICE Futures Singapore Pte. Ltd;
11 LMAX Pte. Ltd;
12 Nittan Capital Singapore Pte. Ltd;
13 SGX FX Markets Pte. Ltd;
14 Singapore Exchange Derivatives Trading Limited;
15 Synoption Pte. Ltd;
16 TFS Currencies Pte. Ltd;
17 Tradition Singapore Pte. Ltd;
18 Tullett Prebon (Singapore) Ltd.
Propose a change