Singapore legislation
Section 91
Section 91
Deposit to be lodged in respect of capital markets services licence
Amended by2/20094/2017
(1)
The Authority may, in granting or varying a capital markets services licence, require the applicant to lodge with the Authority, at the time of its application and in such manner as the Authority may determine, a deposit of such amount as the Authority may prescribe by regulations made under section 100 in respect of that licence and in such form as the Authority may specify.
Amended by2/20094/2017
(2)
The Authority may prescribe the circumstances and purposes for the use of the deposit.