Regulatory Alerts2018-10-08
Added
Securities and Futures (Amendment) Act 2017 (Saving and Transitional Provisions for Holders of Capital Markets Services Licence and Representatives) Regulations 2018
The Monetary Authority of Singapore issued these regulations to establish saving and transitional provisions for holders of Capital Markets Services Licences and their representatives following amendments to the Securities and Futures Act. The rules define requirements for licensing, representative notifications, and business conduct while specifying criteria for exemptions from licensing obligations. Additionally, the document addresses proposed revisions concerning registers of interests in securities, customer asset definitions, dealing activity exemptions, and maximum penalty provisions.
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