Regulatory Alerts2007-11-06
Added
Guidelines on the Specification of Entities under Sub-paragraph (b)(vi) of the Definition of Qualifying Deposit in Paragraph 1(4) of the Second Schedule to the Securities and Futures (Financial and Margin Requirements for Holders of Capital Markets Services Licences) Regulations [FMR N01]
The Monetary Authority of Singapore issues these guidelines to specify entities for the definition of qualifying deposit under the Securities and Futures Regulations. The Authority designates the Korea Securities Finance Corporation as a specified entity for this purpose. Holders of capital markets services licences must treat deposits with this entity as if it were specified in the counterparty risk requirement provisions of the Third Schedule.
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