Regulation 43
Application of this Division
of Securities and Futures (Clearing Facilities) Regulations 2013
Subsidiary LegislationIn forceProvision 44 of 59
Regulation 43
This Division shall apply to every recognised clearing house —
(a)
which is a Singapore corporation;
(b)
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
(c)
which holds such money or assets in the course of its clearing or settlement activities.