Securities and Futures (Financial and Margin Requirements for Holders of Capital Markets Services Licences) Regulations
Table of Contents
Part I PRELIMINARY
1 Citation
2 Definitions
2A Financial resources
2B MAS notices
2C Variation of adjusted net head office funds, financial resources or total risk requirement
Part II BASE CAPITAL REQUIREMENT
3 Grant of licence
4 Where base capital of holder of licence falls below base capital requirement
4A Exemption from regulation 4(1)
Part III FINANCIAL RESOURCES REQUIREMENT
5 Holder of licence
5A Written directions to maintain financial resources in Singapore
6 Financial resources of holder of licence not to fall below total risk requirement
7 Where financial resources of holder of licence fall below 120% of total risk requirement
Division 2 Repealed
Division 3 Repealed
Part IV AGGREGATE INDEBTEDNESS
15 Holder of licence
16 Where aggregate indebtedness exceeds 1,200% of aggregate resources
17 Where aggregate indebtedness exceeds 600% of aggregate resources
Part V RESERVE FUND AND OTHER FINANCIAL REQUIREMENTS
18 (Deleted)
19 Maintenance of reserve fund by holder of licence which is member of approved clearing house
20 Reduction in paid-up ordinary share capital or paid-up irredeemable and non-cumulative preference share capital
21 Preference share
22 Qualifying subordinated loan
23 Making of unsecured loan or advance, payment of dividend or director’s fees or increase in director’s remuneration
Part VI MARGIN REQUIREMENTS
24 Margin requirement for product financing
24A Margin requirements for contracts for differences and spot foreign exchange contracts for the purposes of leveraged foreign exchange trading
24B Share financing
25 Reporting of under-margined accounts by holder of licence
Part VII LODGMENT OF DOCUMENTS
26 Forms
27 Statement to be lodged in respect of regulated activities
Part VIII (Deleted)
Part VIIIA MISCELLANEOUS
28A Offences
Part IX (Deleted)
29 (Deleted)
30 (Deleted)
31 (Deleted)
32 (Deleted)
33 (Deleted)
34 (Deleted)
35 (Deleted)
36 (Deleted)
Legislative History