(24)Part VIC of the SFA empowers MAS to commence a trading obligation by requiring specified derivatives contracts that meet prescribed criteria to be traded on markets operated by an AE, a RMO or on any other facility prescribed by MAS. Part VIC, section 129J(1) of the SFA, read with section 129N, empowers MAS to prescribe, by way of regulations, all trading venues that are eligible for compliance with the trading obligation that are regulated by national competent authorities in the Union.