Regulatory Alerts2018-10-08
Added · Updated
Securities and Futures (Exemption from Requirement to Hold Capital Markets Services Licence) Regulations
The Monetary Authority of Singapore issued these regulations to exempt specific entities, including Citibank Aktiengesellschaft and remote clearing members, from the requirement to hold a Capital Markets Services Licence for dealing in capital markets products. The exemption is subject to strict conditions and applies to activities such as clearing futures contracts on Singapore-based central clearing counterparties. This regulatory framework aligns with broader licensing guidance regarding business conduct rules and the application of the Securities and Futures Act to financial institutions.
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