Whole Section

  • 4.29 Segregation of Customer's and Remisier's Monies and Assets

    • 4.29.1

      A Trading Member must:

      (a) segregate monies and assets of customers (including Remisiers) from the Trading Member's monies and assets;
      (b) deposit monies and assets of customers (including Remisiers) in trust or custody accounts; and
      (c) separately account for the monies and assets of each customer (including each Remisier).

      Added on 3 June 20193 June 2019.

    • 4.29.2

      A Trading Member that holds a Capital Markets Services Licence must comply with such requirements prescribed in Rules 4.30 and 4.31.

      Added on 3 June 20193 June 2019.

    • 4.29.3

      A Remote Trading Member must comply with such requirements as may be prescribed by the Relevant Regulatory Authority. The Remote Trading Member shall immediately notify SGX-ST of any changes to such requirements. Notwithstanding the foregoing, SGX-ST shall have the discretion to prescribe additional requirements.

      Refer to Regulatory Notice 4.13, 4.16, 4.24, 4.25 and 4.29.

      Added on 3 June 20193 June 2019.

    • 4.29.4

      A "customer" for the purposes of Rules 4.29, 4.30 and 4.31 does not include (a) any Officer, Director, employee or representative of the Trading Member; or (b) a related corporation of the Trading Member with respect to an account belonging to and maintained wholly for the benefit of that related corporation; but includes a Remisier of the Trading Member.

      Added on 3 June 20193 June 2019.