Singapore legislation

Regulation 13

of Securities and Futures (Clearing Facilities) Regulations 2013

Regulation 13

Obligation of members with respect to money or assets received from customers

An approved clearing house shall ensure that every member thereof which accepts from that member’s customers any money or assets deposited or paid for or in relation to a contract in a specified transaction shall inform each customer concerned that the customer can choose to have the books for any money or assets deposited or paid for or in relation to the contracts of the customer separated from the books for money or assets deposited or paid for or in relation to the contracts of any other customer or customers of that member.