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2.1 Category of Applicants

An applicant to become a Depository Agent must be an entity belonging to one of the following categories:

2.1.1 a Trading Member or a Clearing Member;
2.1.2 a trust company registered under the Trust Companies Act 2005;
2.1.3 a bank licensed under the Banking Act 1970 or merchant bank approved by the MAS under the Monetary Authority of Singapore Act 1970; or
2.1.4 such other institution or person approved by the Depository from time to time.

Amended on 18 January 2022.