Singapore legislation
Regulation 11A
of Securities and Futures (Licensing and Conduct of Business) Regulations
Regulation 11A
Variation of capital markets services licence
Subregulation 1
An application for the variation of a capital markets services licence under section 90 of the Act shall be in Form 5 and shall be lodged with the Authority together with any relevant annex and information as may be specified in the Form or by the Authority from time to time.
Subregulation 2
Where the Authority adds to, varies or revokes any condition or restriction of a capital markets services licence or imposes further conditions or restrictions on such a licence, the Authority may cancel the licence and issue a new licence to the holder indicating the applicable conditions or restrictions.
Subregulation 3
Where the Authority has approved an application of the holder of a capital markets services licence under section 90(1) of the Act to add to its licence one or more types of regulated activity, the Authority may cancel the licence and issue a new licence to the holder indicating the added type of regulated activity.