16.1.1
Unless exempt under the Securities and Futures Act or the Securities and Futures Regulations, prior to engaging in corporate finance activities, a Trading Member and its corporate finance staff must obtain the appropriate licence and be appropriately registered.
Amended on 3 April 20083 April 2008 and 29 November 201029 November 2010.
16.1.2
The corporate finance department of a Trading Member must engage only in the following types of activities:—
(1) Management, underwriting and placement of initial public offering of securities;
(2) Management, underwriting and placement of rights issues of securities;
(3) Advising on acquisition and disposal of securities and assets;
(4) Advising on corporate or debt restructuring; and
(5) Take-over offers under the Singapore Code on Take-overs and Mergers, if the Trading Member has relevant expertise and experience.
Amended on 3 April 20083 April 2008.