Singapore legislation

Regulation 2C

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

Regulation 2C

Variation of adjusted net head office funds, financial resources or total risk requirement

Amended byS 192/2013 wef 03/04/2013

The Authority may, for the purpose of addressing the risks applicable to a particular holder of a licence, by notice in writing to the holder —

(a)

specify an amount of or a formula for computing the total risk requirement that is in substitution for or that supplements the amount specified in or computed in accordance with the MAS notice applicable to the holder;

(b)

specify items to be deducted from the items referred to in regulation 2A(1)(a) to (g) that are additional to those set out in the MAS notice applicable to the holder; or

(c)

specify items to be deducted from the adjusted net head office funds of the holder that are additional to those set out in the MAS notice applicable to the holder.

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