1. Market Overview

The Exchange operates the Markets in accordance with applicable laws of Singapore. As an Approved Exchange we are committed to promoting a fair, orderly and transparent market in a manner consistent with the public interest as contemplated under the Act. This Rules is designed to facilitate the operation of efficient markets for the allocation of capital and transfer of risks. To the extent that the Markets function in an efficient manner, the Exchange will not intervene or impose unnecessary regulatory requirements that would inflate compliance or regulatory costs for its participants. This Rules seeks to achieve the above regulatory objectives while promoting robust and liquid Markets.