Securities Industry Regulations
Table of Contents
1 Citation
2 Definitions
3 Forms
4 Particulars prescribed by forms
5 Directions in forms
6 Manner of application for licence
7 Fees
8 Application of deposit
9 Return of deposit
10 Profit and loss account and balance-sheet
11 Time for document to be lodged
12 Offences
13 Form of auditor’s report
14 Security deposit
15 Section 24, Parts V and VII of Act not to apply to an insurer or a trustee of a superannuation scheme
16 Section 52 of Act not to apply to a management company in certain circumstances
17 Minimum capital requirements
18 Adjusted net capital requirements for a member company
19 Limits for unsecured credit and credit facilities
20 Non-member company’s dealer’s licence to lapse if adjusted net capital requirements not met
21 Limit on a member company’s exposure to a single client
22 Limit on a member company’s exposure to a single security
23 Limit on a member company’s investment in securities
24 Exemption of international members in respect of foreign securities
25 Maintenance of reserve fund by a member company
26 Margin requirement for a member company
27 Retention period for register of securities
28 Books and records to be kept by an investment adviser
29 Statements of assets and liabilities, adjusted net capital and aggregate indebtedness for a member company
30 Statements of assets and liabilities and adjusted net capital for a dealer which is not a member company
31 Clients’ securities and property
32 Stock borrowing and lending
33 Time stamping of orders
34 Register of securities
35 Transactions in prescribed circumstances
36 Advertisement
37 Exemption in bond dealings
37A Exemption for stabilising action during initial public offer
38 Exemption for providers of credit facilities
39 Exemption from section 49 for dealers in certain circumstances
40 Exemption for insurance companies and investment companies
41 Exemption from investment adviser’s licence for advising selected persons
42 Exemption for merchant banks
43 Exemption from dealer’s licence for nominee company
44 Exemption from sections 50 and 51 for professional participants
45 Sections 50 and 51 to apply only to securities quoted on Stock Exchange of Singapore Ltd
46 Exemption for Stock Exchange of Singapore Ltd and Securities Clearing and Computer Services Pte Ltd
47 Exemption for official Assignee, etc.
48 Exemption from sections 49 and 50 in certain circumstances
49 Exemption for market-makers
50 Exemption from section 51 for an adviser in certain circumstances
50A Trust accounts with foreign custodians
50B Amounts to be paid out of fidelity funds
51 Exemption from section 103 (1), (3) and (6) in certain circumstances
52 Exemption from section 103 (1), (2), (3) and (6) in certain circumstances
53 Change of principal
54 Transitional provisions
55 Exemption in part of merchant bank business concerned with dealing in Government securities
56 Exemption for certain financial institutions dealing in Government securities as primary or registered dealer
57 Time stamping of orders for Government securities
58 Dealer in Government securities to comply with Rules and Market Practices
59 Moneys, securities or property received by dealers in Government securities to be paid into trust account
60 Dealer in Government securities to send confirmation note to client
61 Dealer in Government securities to enter into repurchase agreements only with certain financial institutions
62 Interpretation
63 Parts IV to VIII not to apply to dealings in Linkage securities by NASDAQ market-makers
64 Exemption for Asian Development Bank
65 Exemption for approved persons dealing in shares of special purpose corporation
66 Exemption for remote members
67 Exemption for designated market makers
FIRST SCHEDULE
SECOND SCHEDULE
THIRD SCHEDULE
FOURTH SCHEDULE
Legislative History