In forceAmended2020 Revised EditionCurrent version · 2020 Revised EditionSee versions on Singapore Statutes Online(opens the publisher’s site)
Securities and Futures Act 2001 · 2020 Revised Edition · Part 5 · Books, Customer Assets and Audit
104A. Non‑availability of customer money and other assets for payment of debt
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Last amended by an amending law of 2021.
Except as otherwise provided in this Part or the regulations made thereunder, all money or other assets received from or on account of customers or deposited in the manner prescribed under section 104(1)(b) —
(a)
are not available for payment of the debts of the holder of a capital markets services licence; and
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;
(b)
are not liable to be paid or taken under or pursuant to an enforcement order or a process of any court.