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 12 — Operational Requirements
Rule Amendments

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  • 12.11 Customer's and Remisier's Money

    • 12.11.1

      A Trading Member must comply with Part III, Divisions 2 and 4 of the Securities and Futures (Licensing and Conduct of Business) Regulations on customer's money. For the purpose of this Rule, "customer" includes a Remisier, unless otherwise specified.

      Amended on 23 January 2009.

    • 12.11.2

      Regulation 16(1)(b) of the Securities and Futures (Licensing and Conduct of Business) Regulations does not apply to a Remisier. A Trading Member must deposit all money received on account of a Remisier in a trust account.

      Amended on 23 January 2009.

    • 12.11.3

      A Trading Member must designate the accounts maintained with a financial institution specified in Regulation 17 of the Securities and Futures (Licensing and Conduct of Business) Regulations for a customer or a Remisier as a trust account, or customer or Remisier account, as the case may be.

      Amended on 23 January 2009.

    • 12.11.4

      A Trading Member must deposit money received on account of customers in a separate trust account from Remisiers.

      Amended on 23 January 2009.

    • 12.11.5

      A Trading Member must not commingle money received on account of its customers or its Remisiers with its own funds. However, a Trading Member may deposit its own funds into a trust account under the circumstances specified in Regulation 23(1) of the Securities and Futures (Licensing and Conduct of Business) Regulations.

      Amended on 23 January 2009.

    • 12.11.6

      A Trading Member must not withdraw a Remisier's money from a trust account except to:—

      (1) pay the Remisier;
      (2) meet any amount due and payable by the Remisier to the Trading Member;
      (3) reimburse the Trading Member money advanced to the trust account, and any interest and returns that the Trading Member is entitled to, provided the withdrawal does not result in the trust account becoming under-funded; or
      (4) make a payment or withdrawal that is authorised by law.

    • 12.11.7

      A Trading Member must notify the Remisier of the withdrawal made under Rule 12.11.6 by the next business day.

    • 12.11.8

      This Rule shall not apply to a Trading Member that holds a licence specified in Rule 4.1.1(1)(b).

      Added on 19 May 2014.