Securities and Futures Act
(Chapter 289, Section 99(1)(h)1)
1  with effect from the commencement of the Securities and Futures (Amendment) Act 2003 (Act 16/2003), exemptions will no longer be made by regulations but by notice in writing.
Securities and Futures (Exemption from Requirement to Hold Capital Markets Services Licence) Regulations
Rg 11
G.N. No. S 458/2002

REVISED EDITION 2004
(29th February 2004)
[29th February 2004]
Citation
1.  These Regulations may be cited as the Securities and Futures (Exemption from Requirement to Hold Capital Markets Services Licence) Regulations.
Exemption
2.—(1)  Subject to the conditions and restrictions specified in writing by the Authority, Citibank Aktiengesellschaft shall be exempted from the requirement to hold a capital markets services licence to carry on business in dealing in securities when dealing in securities on behalf of any financial institution.
(2)  In this regulation, “financial institution” means any institution licensed or approved by, or registered with or otherwise regulated by, the Authority under any written law.