Regulation 15

the holder in carrying out any regulated activity for its own account;

an officer, an employee or a representative of the holder; or

a related corporation of the holder with respect to an account belonging to and maintained wholly for the benefit of that related corporation.

money received from, or on account of, the customer in respect of a sale or purchase of any capital markets products;

money received from, or on account of, the customer for the holding of any capital markets products, or the maintenance of a trading account for any capital markets products by the customer;

[Deleted by S 667/2018 wef 08/10/2018](d)money received from, or on account of, the customer, where the holder provides product financing to such customer;

money received from, or on account of, the customer for the purpose of managing the customer’s funds; and

money received from, or on account of, the customer in the course of the business of the holder,but does not include —

money which is to be used to reduce the amount owed by the customer to the holder; (ii)money which is to be paid to the customer or in accordance with the customer’s written direction; (iii)money which is to be used to defray the holder’s brokerage and other proper charges;

money which is to be paid to any other person entitled to the money; and

money received from, or on account of, a customer who is an institutional investor, in connection with any OTC derivatives contract which —

is entered into by the holder with the customer;

is not cleared or settled by a clearing facility; and

is booked in Singapore.