Singapore legislation
Regulation 22
of Securities and Futures (Clearing Facilities) Regulations 2013
Regulation 22
Application of this Division
This Division shall apply to every approved clearing house —
(a)
with or to which money or assets are deposited or paid by its members in respect of or in relation to the contracts of the customers of those members; and
(b)
which holds such money or assets in the course of its clearing or settlement activities.