Securities and Futures Act 2001 |
Securities and Futures (Classes of Investors) (Amendment) Regulations 2023 |
|
Citation and commencement |
1. These Regulations are the Securities and Futures (Classes of Investors) (Amendment) Regulations 2023 and come into operation on 9 October 2023. |
Amendment of regulation 3 |
2. In the Securities and Futures (Classes of Investors) Regulations 2018 (G.N. No. S 665/2018), in regulation 3 —
|
Saving provision for accredited investor with respect to specified exempt person |
Saving provision for accredited investor with respect to specified licence holder |
4.—(1) A person (called in this regulation customer C) who was an accredited investor with respect to a specified licence holder (D) for the purposes of regulation 10(1)(d)(i) of the Securities and Futures (Exemption for Cross‑Border Arrangements) (Foreign Offices) Regulations 2021 immediately before 9 October 2023 continues (despite regulation 2(d)) to be an accredited investor with respect to D under that regulation on or after that date, if —
|
Saving provision for accredited investor with respect to FRC of specified person |
5.—(1) A person (called in this regulation customer E) who was an accredited investor with respect to an FRC of a specified person for the purposes of regulation 6(1)(e)(i) of the Securities and Futures (Exemption for Cross‑Border Arrangements) (Foreign Related Corporations) Regulations 2021 immediately before 9 October 2023 continues (despite regulation 2(d)) to be an accredited investor with respect to the FRC under that regulation on or after that date, if —
|
Managing Director, Monetary Authority of Singapore. |
[CMI 11/2023; AG/LEGIS/SL/289/2020/4 Vol. 1] |