Exempt Dealers (Merchant Banks) Notification

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Securities Industry Act

(Chapter 289, Section 40(d)(v))

Exempt Dealers (Merchant Banks) Notification

N 4

G.N. No. S 292/1998

REVISED EDITION 2000

(31st January 2000)

[15th May 1998]

The Monetary Authority of Singapore has decided that a merchant bank shall be an exempt dealer in respect of dealings in securities carried out by it for its own proprietary account —

(a)	with a bank licensed under the Banking Act (Cap. 19);
(b)	with a bank licensed under the laws of a jurisdiction outside Singapore to conduct banking business; except that the securities dealt with must not be listed or quoted on the Stock Exchange of Singapore Limited; or
(c)	with a corporation or firm which is licensed or registered to carry on the business of dealing in securities under the laws of a jurisdiction outside Singapore; except that the securities dealt with must not be listed or quoted on the Stock Exchange of Singapore Limited. [G.N. No.S292/98]

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