Regulation 7
Criteria to be taken into account by Authority
of Securities and Futures (Approved Holding Companies) Regulations 2005
Subsidiary LegislationIn forceProvision 7 of 16
Regulation 7
Amended byS 646/2018 wef 08/10/2018
The Authority may approve an application made under section 81V(1) of the Act if the Authority is satisfied that —
(a)
the applicant is fit and proper to be approved as an approved holding company;
(b)
having regard to the applicant’s likely influence over the approved exchange or approved clearing house of which the applicant is proposed to be the holding company, the approved exchange or approved clearing house will or is conducting and will continue to conduct its business prudently in compliance with the provisions of the Act; and
(c)
it would not be contrary to the interests of the public to do so.