Schedule 4

The African Development Bank(b)The Asian Development Bank(c)The Asian Infrastructure Investment Bank(d)The Bank for International Settlements(e)The Caribbean Development Bank(f)The Council of Europe Development Bank(g)The European Bank for Reconstruction and Development(h)The European Central Bank(i)The European Financial Stability Facility(j)The European Investment Bank(k)The European Investment Fund(l)The European Stability Mechanism(m)The European Union(n)The Inter-American Development Bank(o)The International Finance Facility for Immunisation(p)The International Monetary Fund(q)The Islamic Development Bank(r)The Nordic Investment Bank(s)The World Bank Group, including the International Bank for Reconstruction and Development, the International Development Association, the International Finance Corporation and the Multilateral Investment Guarantee Agency[S 668/2018 wef 08/10/2018]Table 4 — Recognised Group A and Recognised Group B ExchangesRegulation 24For the purposes of regulation 24, a recognised exchange is an overseas exchange regulated by a financial services regulatory authority of a country or territory specified in the table below or such other country or territory as may be specified in an MAS notice.Country or Territory of Group A Exchanges Country or Territory of Group B Exchanges(1) Australia (1) China(2) Austria (2) Greece(3) Belgium (3) Finland(4) Canada (4) India(5) France (5) Indonesia(6) Germany (6) Ireland(7) Hong Kong (7) Luxembourg(8) Italy (8) Norway(9) Japan (9) Philippines(10) Malaysia (except Labuan) (10) Portugal.(11) Netherlands (12) New Zealand (13) South Korea (14) Spain (15) Sweden (16) Switzerland (17) Taiwan (18) Thailand (19) United Kingdom (20) United States of America. [S 192/2013 wef 03/04/2013][S 668/2018 wef 08/10/2018]Table 5[Deleted by S 192/2013 wef 03/04/2013]Table 6[Deleted by S 192/2013 wef 03/04/2013]Table 7[Deleted by S 192/2013 wef 03/04/2013]Table 8[Deleted by S 192/2013 wef 03/04/2013]Table 9[Deleted by S 192/2013 wef 03/04/2013]Table 10[Deleted by S 192/2013 wef 03/04/2013]Table 11[Deleted by S 192/2013 wef 03/04/2013]Table 12[Deleted by S 192/2013 wef 03/04/2013]Table 13[Deleted by S 192/2013 wef 03/04/2013]Table 14[Deleted by S 192/2013 wef 03/04/2013]Table 15[Deleted by S 192/2013 wef 03/04/2013]Table 16[Deleted by S 192/2013 wef 03/04/2013]Table 17[Deleted by S 192/2013 wef 03/04/2013]Table 18 — MINIMUM MARGIN REQUIREMENTS FOR CONTRACTS FOR DIFFERENCES OR SPOT FOREIGN EXCHANGE CONTRACTS FOR PURPOSES OF LEVERAGED FOREIGN EXCHANGE TRADINGRegulation 24A(7)First column Second columnProducts Minimum margin requirements1.Equity CFDs without stop-loss features (a)10% for index stocks; and (b)20% for non-index stocks.2.Index CFDs without stop-loss features 5%3.Foreign Exchange CFDs without stop-loss features (a)2% for any contract entered into only with a customer who is an accredited investor, expert investor or institutional investor; and (b)5% for any contract entered into with a customer who is not an accredited investor, expert investor or institutional investor.4.CFDs with non-guaranteed stop-loss features Lesser of —

the sum of the amount at risk and 30% of the standard margin; or (b)the standard margin.5.CFDs with guaranteed stop-loss features Lesser of —

the amount at risk; or (b)the standard margin.6.CFDs with guaranteed stop-loss features, if the relevant CFD is subject to any adjustment for dividend, interest or commission Lesser of —

the sum of the amount at risk and 10% of the amount at risk; or (b)the standard margin.7.Any other CFD without stop-loss features 20%8.Spot foreign exchange contracts for the purposes of leveraged foreign exchange trading with non-guaranteed stop-loss features Lesser of —

the sum of the amount at risk and 30% of the standard margin; or (b)the standard margin.9.Spot foreign exchange contracts for the purposes of leveraged foreign exchange trading with guaranteed stop-loss features Lesser of —

the amount at risk; or (b)the standard margin.10.Spot foreign exchange contracts for the purposes of leveraged foreign exchange trading with guaranteed stop-loss features, if the relevant spot foreign exchange contract is subject to any adjustment for dividend, interest or commission Lesser of —

the sum of the amount at risk and 10% of the amount at risk; or (b)the standard margin.11.Any other spot foreign exchange contracts for the purposes of leveraged foreign exchange trading without stop-loss features (a)2% for contracts entered into only with customers who are accredited investors, expert investors or institutional investors; and (b)5% for contracts entered into with a customer who is not an accredited investor, an expert investor or an institutional investor.Note: In this Table —“amount at risk” means the maximum loss a customer may incur based on the difference between the contract price and stop-loss price;“CFD” means a contract for differences;“index” means the Straits Times Index, MSCI Singapore Index or a market index of a recognised group A exchange;“standard margin” means the minimum margin for either of the following:

CFDs without stop-loss features;

spot foreign exchange contracts for the purposes of leveraged foreign exchange trading without stop-loss features;“stop-loss” means —

in the case of a CFD, a feature attached to an open CFD position to close the CFD if the relevant price reaches a specified level; or

in the case of a spot foreign exchange contract for the purposes of leveraged foreign exchange trading, a feature attached to a position in such contract to close such contract if the relevant price reaches a specified level.[S 668/2018 wef 08/10/2018]