Singapore legislation
Clause 12
Clause 12
Licences
(1)
Subject to any regulations made under this Act, no person shall act as, or hold himself out as —
(a)
a futures broker’s representative;
(b)
a futures trading adviser;
(c)
a futures trading adviser’s representative;
(d)
a futures pool operator; or
(e)
a futures pool operator’s representative,unless he is the holder of a licence issued under this Part that authorises him to act as such.
(2)
The holder of a futures broker’s licence shall not be required to hold a futures trading adviser’s licence.
(3)
(a)
A futures broker’s licence and a futures pool operator’s licence shall only be granted to a corporation;