Singapore legislation
Regulation 62
of Securities and Futures (Licensing and Conduct of Business) Regulations
Regulation 62
Exemption for holders of capital markets services licence, and representatives of such holders in respect of regulated activity other than dealing in capital markets products that are specified OTC derivatives contracts
A person who was, immediately before 8 October 2018, a holder of a capital markets services licence is, in respect of any business in any regulated activity other than dealing in capital markets products that are specified OTC derivatives contracts, exempt —
from regulations 21(2), 35(2) and 47BA, until 8 October 2019;
from regulations 16(3), until 8 April 2020; and
from regulations 16(1)(b)(ii)(B)(BB) and (ba)(i)(B)(BB) and (5), 17(3), (4) and (5), 18(2), 18A, 20A, 26(1)(a)(i)(B)(BB) and (5), 27A, 34(2), 34A, 39(1)(da), (e)(v), (vi) and (k) and (2)(ba), (bb) and (bc), 40(1B) and 47DA, until 8 October 2021.