(1) segregating Customers' monies and assets from the Trading Member's monies and assets;

(2) depositing Customers' monies and assets in trust or custody accounts; and

(3) separately accounting for the monies and assets of each Customer.

(1) in the case of a Trading Member that holds a Capital Markets Services Licence, comply with such requirements prescribed in Rules 12.11 and 12.12; and

(2) in the case of a Trading Member that holds a licence specified in Rule 4.1.1(1)(b), comply with such requirements as may be prescribed by the Relevant Regulatory Authority. The Trading Member shall immediately notify SGX-ST on any changes to such requirements. Notwithstanding the foregoing, SGX-ST shall have the discretion to prescribe additional requirements.