Regulation 7

in the case where the holder is incorporated in Singapore, its financial resources; or

in the case where the holder is a foreign company, its adjusted net head office funds,fall below 120% of its total risk requirement.

direct the holder to immediately do one or more of the following:

cease any increase in positions, product financing, funds accepted for management and assets accepted for custody for any account carried by the holder;

transfer all or part of any customer’s positions, margins, collateral, assets and accounts to one or more other holders of licences;

operate its business in such manner and on such conditions as the Authority may impose;

cease carrying on business in any or all of the regulated activities permitted under its licence until such time that the holder has demonstrated that its financial resources or adjusted net head office funds (as the case may be) are not less than 120% of the total risk requirement of the holder, except that the holder may continue trading for the purposes of liquidation only or if otherwise directed by the Authority; or

revoke the licence of the holder under section 95(2) of the Act.

submit the statements referred to in regulation 27(1) to the approved exchange or approved clearing house (as the case may be) on a weekly basis or at such other interval as may be determined by the approved exchange or approved clearing house, until the financial resources or adjusted net head office funds of the holder are not less than 120% of the total risk requirement of the holder for 8 consecutive weeks or such other period as may be determined by the approved exchange or approved clearing house;

cease any increase in positions, product financing, funds accepted for management and assets accepted for custody for any account carried by the holder;

transfer all or part of any customer’s positions, margins, collateral, assets and accounts to one or more other holders of licences;

operate its business in such manner and on such conditions as the approved exchange or approved clearing house (as the case may be) may impose.

review, affirm, modify or set aside any direction issued by an approved exchange or approved clearing house to the holder of a licence under paragraph (3); or

direct the holder to cease carrying on business in any or all of the regulated activities permitted under its licence until such time that the holder has demonstrated that its financial resources or adjusted net head office funds (as the case may be) are not less than 120% of the total risk requirement of the holder, except that the holder may continue trading for the purposes of liquidation only or unless otherwise directed by the Authority.

signed by a director of the holder of a licence or such other person as the Authority may allow; and

lodged with the approved exchange or approved clearing house of which the holder is a member not later than one business day after the end of the week or other interval referred to in paragraph (3)(a).