Singapore legislation

Regulation 61

of Securities and Futures (Licensing and Conduct of Business) Regulations

Regulation 61

Exemptions for holders of capital markets services licence in respect of business in dealing in capital markets products that are specified OTC derivatives contracts, and representatives of such holders

Amended byS 832/2020 wef 30/09/2020S 226/2023 wef 31/12/2021S 667/2018 wef 08/10/2018S 832/2020 wef 30/09/2020

Subregulation 1

Amended byS 832/2020 wef 30/09/2020S 226/2023 wef 31/12/2021

A holder of a capital markets services licence to carry on business in dealing in capital markets products that are specified OTC derivatives contracts who was, immediately before 8 October 2018, carrying on business in dealing in specified OTC derivatives contracts is exempt from Division 2 of Part 5 of the Act and Parts III and IV of these Regulations in respect of any business in dealing in capital markets products that are specified OTC derivatives contracts, until 8 October 2021.

Subregulation 2

Amended byS 667/2018 wef 08/10/2018S 832/2020 wef 30/09/2020

An appointed representative of a holder of a capital markets services licence mentioned in paragraph (1) is exempt from regulations 46, 46AD and 47(1) and (2) in respect of any business in dealing in capital markets products that are specified OTC derivatives contracts, until 8 October 2021.

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