Singapore legislation
Regulation 26
of Securities and Futures (Clearing Facilities) Regulations 2013
Regulation 26
Daily computation of customers’ money and assets
Subregulation 1
An approved clearing house shall, at such intervals as the approved clearing house determines appropriate (but no less frequently than once each business day), compute —
for the purposes of regulation 23(3), the total amount of money and assets of the customers of the members of the approved clearing house held by the approved clearing house, including money that has been invested by the approved clearing house under regulation 25(1); and
for the purposes of regulation 23(2), the amount of money and assets of each customer of a member of the approved clearing house held by the approved clearing house, including money that has been invested by the approved clearing house under regulation 25(1).
Subregulation 2
An approved clearing house shall complete any computation under paragraph (1) in respect of each business day no later than noon of the next business day, and shall keep that computation together with all supporting data.
Subregulation 3
In this regulation, “business day” means any day in which the approved clearing house is open for business.