Singapore legislation

Regulation 4A

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

Regulation 4A

Exemption from regulation 4(1)

Amended byS 668/2018 wef 08/10/2018

Subregulation 1

A specified holder of a licence who maintains a base capital of $150,000 is exempt from complying with regulation 4(1) until 8 October 2019.

Subregulation 2

Amended byS 668/2018 wef 08/10/2018

In paragraph (1), a specified holder of a licence is a person who —

(a)

was granted a licence to carry on business in dealing in capital markets products between 8 October 2018 and 7 October 2019 (both dates inclusive); and

(b)

immediately before 8 October 2018, was a holder of a financial adviser’s licence for the marketing of any collective investment scheme under section 13(1) of the Financial Advisers Act (Cap. 110).

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