Singapore legislation
Regulation 48
of Securities and Futures (Licensing and Conduct of Business) Regulations
Regulation 48
Compliance with Rules and Market Practices
Amended byS 667/2018 wef 08/10/2018S 667/2018 wef 08/10/2018S 496/2024 wef 07/06/2024
Subregulation 1
Amended byS 667/2018 wef 08/10/2018S 667/2018 wef 08/10/2018S 496/2024 wef 07/06/2024
The following persons shall comply with the Rules and Market Practices when dealing in Government securities:
(a)
the holder of a capital markets services licence to deal in capital markets products;
(b)
a person exempted from holding a capital markets services licence under section 99 (1)(a), (b), (c) or (d) of the Act;
(c)
a person exempted from holding a capital markets services licence to deal in capital markets products under paragraph 2(1)(e) of the Second Schedule.
Subregulation 2
Where any provision of these Regulations conflicts with any provision set out in the Rules and Market Practices, the former shall prevail.