Singapore legislation

Section 104A

of Securities and Futures Act 2001

Section 104A

Non‑availability of customer money and other assets for payment of debt

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

(b)

are not liable to be paid or taken in execution under an order or a process of any court.

Read in full context — Securities and Futures Act 2001 →