Section 50
Application for approval or recognition
of Securities and Futures Act 2001
ActIn forceProvision 110 of 701
Section 50
Amended by34/201234/201234/201234/2012
(1)
A Singapore corporation may apply to the Authority to be —
(a)
approved as an approved clearing house; or
(b)
recognised as a recognised clearing house.
Amended by34/2012
(2)
A foreign corporation may apply to the Authority to be recognised as a recognised clearing house.
Amended by34/2012
(3)
An application under subsection (1) or (2) must be —
(a)
made in such form and manner as the Authority may prescribe; and
(b)
accompanied by a non‑refundable prescribed application fee, which must be paid in the manner specified by the Authority.
Amended by34/2012
(4)
The Authority may require an applicant to provide the Authority with such information or documents as the Authority considers necessary in relation to the application.
Amended by34/2012