Singapore legislation
Regulation 20
of Securities and Futures (Licensing and Conduct of Business) Regulations
Regulation 20
Investment of moneys received on account of customers
Subregulation 1
Notwithstanding regulations 16 and 17, the holder of a capital markets services licence may hold moneys received on account of its customer on trust for the customer, including moneys which the holder may from time to time advance to the customer’s trust account in accordance with regulation 23, in any of the following forms of investment:
any Government securities;
any debt instrument of the government of the country of an organised market on which the holder normally transacts its business; or (c)any other securities or instrument as the Authority may from time to time, by a guideline issued by the Authority, determine.
Subregulation 2
The holder of a capital markets services licence maintaining any moneys received on account of its customer in any of the forms of investment specified in paragraph (1) shall keep a record of all transactions relating to such moneys, including —
the date on which the transaction was made; (b)where applicable, the name of the person through whom the transaction was made; (c)the amount of money invested in the transaction; (d)a description of the transaction; (e)the place, if any, where the moneys and assets are kept;
where applicable, the date on which the subject-matter of the transaction was realised or otherwise disposed of and the amount of money received from the realisation or disposal, if any; and (g)where applicable, the name of the person, if any, to whom or through whom the subject-matter of the transaction was disposed of.