Singapore legislation

Regulation 20

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

Regulation 20

Reduction in paid-up ordinary share capital or paid-up irredeemable and non-cumulative preference share capital

Amended byS 507/2006 wef 28/08/2006S 192/2013 wef 03/04/2013

The holder of a licence that is incorporated in Singapore shall not reduce its paid-up ordinary share capital or paid-up irredeemable and non-cumulative preference share capital without the prior written approval of the Authority.

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