Regulation 1
Citation
This Notification is the Government Securities (Debt Market and Investment) (Financial Penalty) Notification 2010.
/akn/sg/act/sub_leg/1992/GSDMIA-N1
Government Securities (Debt Market and Investment) (Financial Penalty) Notification 2010
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- Type
- Subsidiary Legislation
- Status
- In force
- Enacted
- 1992
- Sections
- 3
Quick answer
About this subsidiary legislation
Government Securities (Debt Market and Investment) (Financial Penalty) Notification 2010 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation GSDMIA-N1 1992, currently marked in force and first recorded in 1992.
Regulation 2
Financial penalty for failure to comply with direction given before 1 January 2014
For the purposes of section 29D(3) of the Act, the financial penalty payable by any primary dealer, who fails to comply with a direction given before 1 January 2014 by the Authority under section 29C(1) of the Act to apply to take up its minimum share of Government securities in an invitation by public notice issued by the Authority under section 30(1) of the Act, is the amount calculated in accordance with the following formula, or $1,000, whichever is the higher, for every day or part of a day of such failure:where Ais the amount of Government securities which the primary dealer fails to apply to take up; andris the 5th percentile of the bid yields submitted by all applicants who applied on a competitive basis, for that particular issue of Government securities and which were successful in their application.
Regulation 3
Financial penalty for failure to comply with direction given on or after 1 January 2014
For the purposes of section 29D(3) of the Act, the financial penalty payable by any primary dealer, who fails to comply with any direction given on or after 1 January 2014 by the Authority under section 29C(1) of the Act, is $1,000 per day or part of a day of such failure.
Common questions
- What is Government Securities (Debt Market and Investment) (Financial Penalty) Notification 2010?
- Government Securities (Debt Market and Investment) (Financial Penalty) Notification 2010 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation GSDMIA-N1 1992, currently marked in force and first recorded in 1992.
- Is Government Securities (Debt Market and Investment) (Financial Penalty) Notification 2010 still in force?
- Yes — Government Securities (Debt Market and Investment) (Financial Penalty) Notification 2010 is currently in force.
- When did Government Securities (Debt Market and Investment) (Financial Penalty) Notification 2010 take effect?
- Government Securities (Debt Market and Investment) (Financial Penalty) Notification 2010 was first recorded in 1992.
- How many regulations does Government Securities (Debt Market and Investment) (Financial Penalty) Notification 2010 have?
- Government Securities (Debt Market and Investment) (Financial Penalty) Notification 2010 contains 3 regulations.
- Where can I read the official version of Government Securities (Debt Market and Investment) (Financial Penalty) Notification 2010?
- The official text of Government Securities (Debt Market and Investment) (Financial Penalty) Notification 2010 is published at sso.agc.gov.sg.