Rulebooks: Contents

Rulebooks
Mainboard Rules
Catalist Rules
SGX-ST Rules
CDP Clearing Rules
DVP Rules
CDP Depository Rules
1 Application
2 Admission Criteria for Depository Agents
2.2 Conditions
3 Resignation by Depository Agent
4 Deposit and Withdrawal of Securities
5 Securities Account
6 Duties of Depository Agents
7 Transactions and Confirmation Notes
8 Sub-Accounts
9 Undertakings of the Depository Agent
10 Termination
11 Fees and Expenses
12 Violation of CDP Rules
13 Liability
14 Indemnity to Depository
15 General
16 Applicable Law
17 Definitions and Interpretation
Futures Trading Rules
SGX-DC Clearing Rules
SIAC DT Arbitration Rules
SIAC DC Arbitration Rules
Rule Amendments

2.2 Conditions

A Depository Agent (or applicant to become a Depository Agent) shall furnish to the Depository information sufficient to demonstrate to the satisfaction of the Depository that it satisfies the requirements of this Rule and such other conditions the Depository may impose, including but not limited to the following requirements:

2.2.1 it has the competence, physical capacity and financial resources to discharge its duties under the Depository Agent Agreement and it is able to meet any obligation it might reasonably be expected to incur thereunder;
2.2.2 it is a fit and proper person to perform its duties under the Depository Agent Terms; and
2.2.3 it holds a valid capital market services licence for providing custodial services for securities or is excluded or exempted from such requirement by the MAS or pursuant to the Securities and Futures Act.