Past version: Effective from 31 Dec 2013 to 21 Apr 2019
Each Remote Clearing Member incorporated outside Singapore shall at all times:
2.08.1D.1 Base Capital Requirement
maintain paid-up ordinary share capital and unappropriated profit or loss of not less than S$50,000,000;
maintain paid-up ordinary share capital and unappropriated profit or loss of not less than S$50,000,000;
2.08.1D.2 Financial Resources Requirement
not cause or permit its adjusted net head office funds to fall below its total risk requirement;
not cause or permit its adjusted net head office funds to fall below its total risk requirement;
2.08.1D.3 Aggregate Indebtedness Requirement
not cause or permit its aggregate indebtedness to exceed 1,200% of its aggregate resources; and
not cause or permit its aggregate indebtedness to exceed 1,200% of its aggregate resources; and
2.08.1D.4 Other Requirements
comply with the accounting, reporting, book-keeping and any other financial and operational requirements prescribed by the Clearing House.
comply with the accounting, reporting, book-keeping and any other financial and operational requirements prescribed by the Clearing House.
Added on 31 December 201331 December 2013.