Singapore legislation
Regulation 5
of Monetary Authority of Singapore (Book-Entry MAS Securities and Primary Dealers) Regulations 2013
Regulation 5
Applications to be submitted through primary dealers
Subregulation 1
An application under regulation 4(1) by any person other than a primary dealer must be submitted by a primary dealer on behalf of that person.
Subregulation 2
An application under regulation 4(1) by a primary dealer on its own behalf must be kept distinct from an application under regulation 4(1) by the primary dealer on behalf of any other person, and the applications must be submitted separately to the Authority.
Subregulation 3
Where a primary dealer makes applications under regulation 4(1) on behalf of 2 or more other persons, the applications must be kept distinct from each other and submitted separately to the Authority.
Subregulation 4
A primary dealer must submit all applications under regulation 4(1) that are received by the primary dealer under paragraph (1) to the Authority not later than 12 noon of the auction day.