Regulation 22
Interest arising from trust account, etc.
of Securities and Futures (Licensing and Conduct of Business) Regulations
Subsidiary LegislationIn forceProvision 43 of 105
Regulation 22
Amended byS 709/2010 wef 26/11/2010S 709/2010 wef 26/11/2010
Subregulation 1
Amended byS 709/2010 wef 26/11/2010
Subject to any agreement between the holder of a capital markets services licence and its customer, all interest earned from the maintenance of the moneys received on account of the customer in a trust account, and all returns from the investment of moneys received on account of the customer in accordance with regulation 20, shall accrue to the customer.
Subregulation 2
Amended byS 709/2010 wef 26/11/2010
The holder of a capital markets services licence shall take all reasonable steps to ensure that the interest and returns accrued to the customer under paragraph (1) are paid to or held for the benefit of the customer, as the case may be.