Singapore legislation
Regulation 1A
Regulation 1A
Definitions
Subregulation 1
In these Regulations, unless the context otherwise requires —[Deleted by S 630/2018 wef 08/10/2018][Deleted by S 630/2018 wef 08/10/2018][S 630/2018 wef 08/10/2018](2) For the purposes of these Regulations, a customer is resident in Singapore if —
where the customer is an individual, the individual is ordinarily resident in Singapore; or
where the customer is a body of persons, corporate or unincorporate, the body of persons has a place of business in Singapore, whether or not the body of persons is incorporated or formed in Singapore.
Definition
“customer”, in relation to a person, does not include —
the person, when carrying on business in dealing with capital markets products for the person’s own account; or
a related corporation of the person, for an account belonging to and maintained wholly for the benefit of that related corporation;
Definition
“financial institution” means any institution licensed by, approved by, registered with or otherwise regulated by, the Authority under any written law;
Definition
“over-the-counter derivatives contract” means a derivatives contract that is not an exchange-traded derivatives contract;
Definition
“relevant offence” means —
an offence, whether under the law of Singapore or elsewhere, involving fraud or dishonesty, or the conviction for which involved a finding that the offender had acted fraudulently or dishonestly;
an offence under the Act or any regulations made under the Act; or
an offence under the Banking Act 1970, the Commodity Trading Act 1992, the Finance Companies Act 1967, the Financial Advisers Act 2001, the Financial Services and Markets Act 2022, the Insurance Act 1966, the Monetary Authority of Singapore Act 1970, the Payment Services Act 2019, the Penal Code 1871 or any subsidiary legislation made under any of those Acts;
Definition
“relevant regulator”, in relation to a jurisdiction other than Singapore, means the regulator in respect of dealing in capital markets products in that jurisdiction.