· By using leverage, you are not only increasing the potential returns on your trades, but also the risk. If the trade moves against you, your losses will be magnified. In Singapore, the Monetary Authority of Singapore (MAS) requires most retail traders to maintain a minimum margin of 5% for all forex blogger.comted Reading Time: 7 mins This piece of legislation is defined as the following: "An Act relating to the regulation of activities and institutions in the securities, futures and derivatives industry, including leveraged foreign exchange trading, and of clearing facilities, and for matters connected therewith." 1 Leveraged Foreign Exchange Trading Corporate / Institution Account Application Supporting Documents (certified true copy*) Singapore Incorporated Foreign Incorporated Company incorporated in tax haven jurisdiction 1. Board Resolution (certified true extract by 2 Directors of the Company or a Director and Secretary of the Company)ü ü ü 2
SFC sets standards for leveraged foreign exchange traders
Securities and Futures Financial and Margin Requirements for Holders of Capital Markets Services Licences Amendment Regulations Table of Contents. Enacting Formula. A Singapore Government Agency Website. FAQs Feedback. Home Browse Acts. Subsidiary Legislation. AS PUBLISHED. QUICK LINKS. Basic Acts Subsidiary Legislation.
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Select All Clear All Print - HTML Leveraged foreign exchange trading singapore - PDF Print - Word. Securities and Futures Financial and Margin Requirements for Holders of Capital Markets Services Licences Amendment Regulations Table of Contents Enacting Formula 1 Citation and commencement. Select All Clear All, leveraged foreign exchange trading singapore. Print HTML PDF Word. Print Help. Securities and Futures Financial and Margin Requirements for Holders of Capital Markets Services Licences Amendment Regulations Enacting Formula.
Reset Get Provisions Whole Document. Search within Legislation. Exit Search. Search Results. S Securities and Futures Act CHAPTER Citation and commencement 1. These Regulations are the Securities and Futures Financial and Margin Requirements for Holders of Capital Markets Services Licences Amendment Regulations and come into operation on 8 October Amendment of regulation 2 2. Amendment of regulation 4 3. New regulation 4A 4. Amendment of regulation 6 5.
Regulation 6 of the principal Regulations is amended by deleting paragraph 5. Deletion and substitution of regulation 15 6. Amendment of regulation 16 7. Regulation 16 of the principal Regulations is amended by deleting paragraph 4. Amendment of regulation leveraged foreign exchange trading singapore 8.
Amendment of regulation 23 9. Amendment of regulation 24 Deletion and substitution of regulation 24A Amendment of regulation 28A Deletion and substitution of First Schedule Subject to paragraph 2, the base capital requirement applicable to a corporation granted or to be granted a capital markets services licence called leveraged foreign exchange trading singapore this Schedule the applicantin respect of a regulated activity in the first column of the table below is set out opposite to that regulated activity, in the second column of that table.
Except in the circumstances mentioned in paragraph 3, where more than one base capital requirement is applicable to the applicant mentioned in paragraph 1, the base capital requirement applicable to the applicant is the higher or as the case may be highest of the applicable base capital requirements, leveraged foreign exchange trading singapore.
Where an applicant trades only in futures contracts in respect of one or more of the following commodities called in this Schedule specified commodity futures contractsthe applicant may opt for the applicable base capital requirement corresponding to either item 1 or 3 in the table below: a gold; b any produce, item, goods or article, including an index, right or interest in any produce, leveraged foreign exchange trading singapore, item, goods or article.
First column Second column Leveraged foreign exchange trading singapore activity Base capital requirement applicable 1. Advising on corporate finance. Real estate investment trust management. Carrying out product financing. Providing credit rating services. Providing custodial services. Amendment of Fourth Schedule Miscellaneous amendments Transitional provision Singapore Statutes Online. FAQs Feedback Site Map. Privacy Statement Terms of Use Report Vulnerability.
Copyright © Government of Singapore. All rights reserved. Singapore Statutes Online is provided by the Legislation Division of the Attorney-General's Chambers of Singapore. Last updated leveraged foreign exchange trading singapore 14 Jul In exercise leveraged foreign exchange trading singapore the powers conferred by sections 11 and of the Securities and Futures Act, the Monetary Authority of Singapore makes the following Regulations:.
Citation and commencement. Amendment of regulation 2. Regulation 2 of the Securities and Futures Financial and Margin Requirements for Holders of Capital Markets Services Licenses Regulations Rg 13 called in these Regulations the principal Regulations is amended — a.
Amendment of regulation 4, leveraged foreign exchange trading singapore. New regulation 4A. was granted a licence to carry on business in dealing in capital markets products between 8 October and 7 October both dates inclusive ; and. Amendment of regulation 6. Deletion and substitution of regulation the holder of a licence to deal in capital markets products which is a member of an approved exchange, not including the holder of a licence — i. which either — A.
deals in capital markets products solely with one or more of the following types of investors: AA. carries on the business of soliciting or accepting orders for the purchase or sale of any capital markets products from any customer, and no other business. whether or not the corporation is also permitted to carry on business in any other regulated activity, leveraged foreign exchange trading singapore.
Amendment of regulation Regulation 24 of the principal Regulations is amended — a. where the specified products bought or carried, or deposited as collateral, in the margin account comprise a single specified product, the debit balance in the margin account; or.
where the specified products bought or carried, or deposited as collateral, in the margin account comprise 2 or more specified products, an amount computed by the following formula:.
A is the current market value of each specified product bought or carried, or deposited as collateral, in the margin account; and. a regional government or local authority that is able to exercise one or more functions of the central government at the regional or local level. an administrative body or non-commercial undertaking responsible to, or owned by, a central government, regional government or local authority, which performs regulatory or non-commercial functions. a town council in Singapore established pursuant to the Town Councils Act Cap.
Deletion and substitution of regulation 24A. and which does not involve the actual taking or physical delivery of any of the underlying things. any spot foreign exchange contracts for the purposes of leveraged foreign exchange trading.
Amendment of regulation 28A. Deletion and substitution of First Schedule. Where an applicant trades only in futures contracts in respect of one or more of the following commodities called in this Schedule specified commodity futures contractsthe applicant may opt for the applicable base capital requirement corresponding to either item 1 or 3 in the table below: a.
any produce, item, goods or article, leveraged foreign exchange trading singapore, including an index, right or interest in any produce, item, goods or article. First column. Regulated activity. Base capital requirement applicable. Dealing in capital markets products that are securities, units in a collective investment scheme or exchange-traded derivatives contracts and —. the applicant is a member of an approved clearing house.
the applicant not being an applicant to which paragraph d or e applies is a member of an approved exchange. the applicant not being an applicant to which paragraph d or e applies is not a member of an approved exchange. carries on the business only of soliciting or accepting orders for the purchase or sale of any of leveraged foreign exchange trading singapore capital markets products from any customer; or.
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· By using leverage, you are not only increasing the potential returns on your trades, but also the risk. If the trade moves against you, your losses will be magnified. In Singapore, the Monetary Authority of Singapore (MAS) requires most retail traders to maintain a minimum margin of 5% for all forex blogger.comted Reading Time: 7 mins This piece of legislation is defined as the following: "An Act relating to the regulation of activities and institutions in the securities, futures and derivatives industry, including leveraged foreign exchange trading, and of clearing facilities, and for matters connected therewith." 1 · MAS announced today that Singapore’s average daily foreign exchange (FX) trading volume reached a new high of US$ billion in April , up 22% from US$ billion in April Singapore retains its position as one of the largest FX centres globally – ranked third with a % share of global FX volume in April View more
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