Singapore legislation

Regulation 5A

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

Regulation 5A

Written directions to maintain financial resources in Singapore

Amended byS 192/2013 wef 03/04/2013S 192/2013 wef 03/04/2013S 101/2008 wef 27/02/2008

Subregulation 1

Amended byS 192/2013 wef 03/04/2013

The Authority may, from time to time, issue written directions to any holder of a licence or class of such holders, to require the holder or each holder of that class to maintain and hold such of its financial resources as the written direction may specify in Singapore, and the holder shall comply with such written direction.

Subregulation 2

Amended byS 192/2013 wef 03/04/2013S 101/2008 wef 27/02/2008

The written direction referred to in paragraph (1) may specify, in respect of the financial resources of any holder or class of holders —

(a)

the items that are to be maintained and held in Singapore;

(b)

the minimum value of any such items to be maintained and held in Singapore; and

(c)

the method of valuation of such items maintained and held in Singapore, including any deductions to be made in respect of those items.

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