Securities and Futures (Financial and Margin Requirements for Holders of Capital Markets Services Licences) Regulations

4 Where base capital of holder of licence falls below base capital requirement

Division 1 — Holder of licence to deal in securities or trade in futures contracts which is member of securities exchange, futures exchange or clearing house

6 Where financial resources of holder of licence which is member of recognised trading system provider fall below total risk requirement

7 Where financial resources of holder of licence which is member of securities exchange, futures exchange or clearing house fall below 120% of total risk requirement

Division 2 — Holder of licence to deal in securities, trade in futures contracts or carry out leveraged foreign exchange trading which is not member of securities exchange, futures exchange or clearing house

9 Where adjusted net capital of holder of licence to deal in securities which is not member of securities exchange falls below $250,000

10 Where adjusted net capital of holder of licence to deal in securities which is not member of securities exchange falls below $400,000

11 Where adjusted net capital of holder of licence to trade in futures contracts or carry out leveraged foreign exchange trading and which is not member of futures exchange falls below $2 million or adjusted net capital requirement

Division 3 — Holder of any other licence

12 Definitions of this Division

13 Where financial resources of holder of any other licence fall below total risk requirement

14 Where financial resources of holder of any other licence fall below 120% of total risk requirement

16 Where aggregate indebtedness exceeds 1,200% of aggregate resources

17 Where aggregate indebtedness exceeds 600% of aggregate resources

19 Maintenance of reserve fund by holder of licence which is member of clearing house

20 Reduction in paid-up ordinary share capital or share premium account

23 Making of unsecured loan or advance, payment of dividend or director’s fees or increase in director’s remuneration

25 Reporting of under-margined accounts by holder of licence to trade in futures contracts or carry out leveraged foreign exchange trading

27 Statement to be lodged in respect of regulated activities

30 Holder of dealer’s licence which was member of securities exchange

31 Holder of dealer’s licence which was not member of securities exchange

32 Holder of futures broker’s licence which was member of Futures Exchange other than one to which regulation 33 applies

33 Holder of futures broker’s licence which was member of Futures Exchange and only trades in futures contracts for oil, etc.

34 Holder of investment adviser’s licence, futures pool operator’s licence or futures trading adviser’s licence

36 Election for application of new law by holder of licence shall be for all regulated activities