104. Handling of customer assets

Terms defined in s 2

• Authority

  Authority

  Defined · s 2

  “Authority” means the Monetary Authority of Singapore established under the Monetary Authority of Singapore Act 1970;

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• book

  book

  Defined · s 2

  “book” includes any record, register, document or other record of information, and any account or accounting record, however compiled, recorded or stored, whether in written or printed form or on microfilm or in any other electronic form or otherwise;

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• capital markets services licence

  capital markets services licence

  Defined · s 2

  “capital markets services licence” means a licence that is granted by the Authority under section 86 to a person to carry on a business in any regulated activity;

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• customer

  customer

  Defined · s 2

  “customer” means —(a)in relation to a holder of a capital markets services licence —(i)for the purposes of Parts 4, 6, 7 and 15, a person on whose behalf the holder carries on or will carry on any regulated activity; or(ii)for the purposes of Part 5 —(A)a person on whose behalf the holder carries on or will carry on any regulated activity; or(B)any other person with whom the holder, as principal, enters or will enter into transactions for the sale or purchase of capital markets products,but does not include such person or class of persons as may be prescribed for the purposes of this sub‑paragraph; or(b)for the purposes of Part 3 and the definition of “user”, a person on whose behalf a member of an approved exchange, an approved clearing house, a recognised clearing house or a recognised market operator (as the case may be) carries on any activity regulated under this Act, but does not include —(i)the member, with respect to dealings for the member’s own account;(ii)any officer, director, employee or representative of the member; or(iii)a related corporation of the member, with respect to accepted instructions to deal for an account belonging to, and maintained wholly for the benefit of, that related corporation;

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• record

  record

  Defined · s 2

  “record” means information that is inscribed, stored or otherwise fixed on a tangible medium or that is stored in an electronic or other medium and is retrievable in perceivable form;

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