Regulation 51
Position limit
of Securities and Futures (Licensing and Conduct of Business) Regulations
Subsidiary LegislationIn forceProvision 86 of 105
Regulation 51
Amended byS 709/2010 wef 26/11/2010S 667/2018 wef 08/10/2018
The Authority may issue a direction to a person, or its agent, who holds or controls net long or net short positions in excess of the position limit set under section 29 or 41 of the Act, to trade under conditions and restrictions specified in that direction in order to ensure compliance with the position limit; and may, in particular, require the person or agent to do one or more of the following:
(a)
cease any further increase in his positions;
(b)
liquidate his position in order to comply with the position limit within the time specified in the direction;
(c)
be subject to higher margin requirements in respect of his positions.