Singapore legislation
Regulation 56
of Securities and Futures (Licensing and Conduct of Business) Regulations
Regulation 56
Definitions of this Part
In this Part, except where the context otherwise requires —“bank” means a bank that holds a licence under section 7 or 79 of the Banking Act 1970;“finance company” means a finance company licensed under the Finance Companies Act 1967;“merchant bank” means a merchant bank that holds a merchant bank licence, or is treated as having been granted a merchant bank licence, under the Banking Act 1970;“specified contract” means a specified FX contract or a specified OTC derivatives contract;“specified foreign exchange contract” or “specified FX contract” means any of the following:
a foreign exchange OTC derivatives contract that is arranged by any bank or merchant bank;
a spot foreign exchange contract for the purposes of leveraged foreign exchange trading that is arranged by any bank or merchant bank.[Deleted by S 832/2020 wef 30/09/2020]
Definition
“bank” means a bank that holds a licence under section 7 or 79 of the Banking Act 1970;
Definition
“finance company” means a finance company licensed under the Finance Companies Act 1967;
Definition
“merchant bank” means a merchant bank that holds a merchant bank licence, or is treated as having been granted a merchant bank licence, under the Banking Act 1970;
Definition
“specified contract” means a specified FX contract or a specified OTC derivatives contract;
Definition
“specified foreign exchange contract” or “specified FX contract” means any of the following:
a foreign exchange OTC derivatives contract that is arranged by any bank or merchant bank;
a spot foreign exchange contract for the purposes of leveraged foreign exchange trading that is arranged by any bank or merchant bank.