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.
Regulations
Published Date: 08 October 2018
Securities and Futures (Amendment) Act 2017 (Saving and Transitional Provisions for Holders of Capital Markets Services Licence and Representatives) Regulations 2018
Sets out the saving and transitional provisions for certain applications, notifications, arrangements and exemptions in relation to the amendments made to the SFA.
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Securities and Futures (Amendment) Act 2017 (Saving and Transitional Provisions for Holders of Capital Markets Services Licence and Representatives) Regulations 2018
Sets out requirements for licensing, representative notification and conduct of business, and criteria for exemptions from licensing.
Proposed revisions to both sets of regulations, in respect of registers of interests in securities, definition of customer assets, exemptions for dealing activities and maximum penalty under the general penalty provision. The paper also clarifies the types of forms to be maintained under these regulations.
Consultation number:
P007 - 2009
Start date:
16 June 2009
Closing date:
15 July 2009
MAS response date:
19 October 2010