Singapore legislation

Regulation 15

of Securities and Futures (Financial and Margin Requirements for Holders of Capital Markets Services Licences) Regulations

Regulation 15

Holder of licence

Amended byS 668/2018 wef 08/10/2018

In this Part, unless the context otherwise requires, “holder of a licence” means a corporation that is one or more of the following:

(a)

the holder of a licence to deal in capital markets products which is a member of an approved exchange, not including the holder of a licence —

(i)

which does not carry any customer’s position, margin or account in its own books; and

(ii)

which either —

(A)

deals in capital markets products solely with one or more of the following types of investors:

(AA)accredited investors;

(AB)expert investors; (AC)institutional investors; or

(B)

carries on the business of soliciting or accepting orders for the purchase or sale of any capital markets products from any customer, and no other business;

(b)

the holder of a licence which is a member of an approved clearing house,whether or not the corporation is also permitted to carry on business in any other regulated activity.

Read in full context — Securities and Futures (Financial and Margin Requirements for Holders of Capital Markets Services Licences) Regulations →