Securities and Futures Act
(Chapter 289, Section 83(2)(b)1)
1  with effect from the commencement of the Securities and Futures (Amendmen) 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 Representative’s Licence) Regulations
Rg 14
G.N. No. S 269/2003

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 Representative’s Licence) Regulations.
Exemption
2.—(1)  Any person, who acts as a representative of a person specified in the Third Schedule to the Act (other than a person specified in regulation 8(1) of that Schedule), shall be exempted from the requirement to hold a representative’s licence, in so far as —
(a)the type of regulated activity carried out by the first-mentioned person is the same as that carried out by the second-mentioned person; and
(b)the scope and manner of carrying out the regulated activity by the first-mentioned person is the same as the scope and manner of carrying out the regulated activity by the second-mentioned person,
where such type, scope or manner (as the case may be) is specified in the Third Schedule to the Act.
(2)  Any person, who acts as a representative of a person specified in regulation 8(1) of the Third Schedule to the Act (other than a person specified in sub-paragraph (b) of that paragraph), shall be exempted from the requirement to hold a representative’s licence for dealing in securities in so far as he deals in securities when acting as such representative.
[G.N. No. S 269/2003]
Singapore Statutes Online
© 2024 Attorney-General's Chambers of Singapore,
Last updated 20 Apr 2024
Singapore Statutes Online is provided by the Legislation Division of the Attorney-General's Chambers of Singapore.