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3.15.5

A Trading Member shall not, without the prior written approval of SGX-ST, make any unsecured loan or advance, pay any dividend or director's fees or increase any director's remuneration if:

(a) in the case where the Trading Member is incorporated in Singapore:
(i) its base capital is less than the base capital requirement as prescribed in Rules 3.2 and 3.5;
(ii) its financial resources is less than 150% of its total risk requirement;
(iii) its aggregate indebtedness exceeds 600% of its aggregate resources; or
(iv) such a loan, advance, payment or increase will cause an event in Rule 3.15.5(a)(i), (ii) or (iii) to occur; or
(b) in the case where the Trading Member is incorporated outside Singapore:
(i) its net head office funds is less than the base capital requirement as prescribed in Rules 3.2 and 3.5;
(ii) its adjusted net head office funds is less than 150% of its total risk requirement;
(iii) its aggregate indebtedness exceeds 600% of its aggregate resources; or
(iv) such a loan, advance, payment or increase will cause an event in Rule 3.15.5(b)(i), or (iii) to occur.

Added on 3 June 20193 June 2019.