Singapore legislation
Clause 91
Clause 91
Deposit to be lodged in respect of capital markets services licence
(1)
The Authority may, in granting, renewing 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 in cash or in such other form as the Authority may prescribe in respect of that licence.
(2)
The Authority may prescribe the circumstances and purposes for the use of the deposit.