Regulation 3

made by a member of an approved exchange to a person who is not resident in Singapore;

that is not derived through any operation carried on by the person through the person’s permanent establishment in Singapore; and

that is a margin deposit interest payment required to be made —

under —

a specified contract that took effect on a date before 20 February 2018; or

a specified contract that was extended or renewed, and the extension or renewal took effect on a date before 20 February 2018,where the payment is made on a date that falls within the period from 20 February 2018 to 31 December 2026 (both dates inclusive);

under a specified contract that takes effect on a date that falls within the period from 20 February 2018 to 18 February 2020 (both dates inclusive); or

under a specified contract that is extended or renewed, where —

the extension or renewal takes effect on a date that falls within the period from 20 February 2018 to 18 February 2020 (both dates inclusive); and

the payment is made on or after the date on which such extension or renewal takes effect.

under a specified contract mentioned in sub‑paragraph (1)(c)(ii) or (iii) that is varied with effect from a date on or after 4 November 2022; and

on or after the date on which the variation takes effect.