Rulebooks: Contents

Rulebooks
Mainboard Rules
Catalist Rules
SGX-ST Rules
CDP Clearing Rules
CDP Settlement Rules
DVP Rules [Entire Rulebook has been deleted]
CDP Depository Rules
Futures Trading Rules
SGX-DC Clearing Rules
SIAC DT Arbitration Rules
SIAC DC Arbitration Rules
Archive
SGX-ST Rules
Section D — Regulatory Framework
Chapter 11 — Capital and Financial Requirements
Rule Amendments

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  • 11.13.4 Making of Unsecured Loan or Advance, Payment of Dividend or Director's Fees or Increase in Director's Remuneration

    A Trading Member shall not, without the prior written approval of SGX-ST, make any unsecured loan or advance, pay any dividend or director's fees or increase any director's remuneration if:—

    (1) in the case where the Trading Member is incorporated in Singapore:—
    (a) its base capital is less than the base capital requirement as prescribed in Rules 11.2 and 11.5;
    (b) its financial resources is less than 150% of its total risk requirement;
    (c) its aggregate indebtedness exceeds 600% of its aggregate resources;
    (d) such a loan, advance, payment or increase will cause an event in Rule 11.13.4(1)(a), (b) or (c) to occur; or
    (2) in the case where the Trading Member is incorporated outside Singapore:—
    (a) its net head office funds is less than the base capital requirement as prescribed in Rules 11.2 and 11.5;
    (b) its adjusted net head office funds is less than 150% of its total risk requirement;
    (c) its aggregate indebtedness exceeds 600% of its aggregate resources;
    (d) such a loan, advance, payment or increase will cause an event in Rule 11.13.4(2)(a), (b) or (c) to occur.

    Amended on 29 December 2014.