Notice on Minimum Entry and Examination Requirements for
Representatives of Holders of Capital Markets Services Licence and Exempt
Financial Institutions
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9
[SFA 04-N09 (Amendment) 2011]
12 In the case where a specific representative deals in securities for a
principal in the principal’s capacity as a member of the SGX-ST, such
representative is required to pass Modules 1A and 6. In the case where a
specific representative deals in securities for a principal who is not a member of
the SGX-ST (―non SGX-ST Member‖), such representative is required to pass
either Modules 1A or 1B, and Module 6.
12A With effect from 1 January 2012, in addition to paragraph 12, in the case
where a specific representative deals in securities that are Specified Investment
Products, such representative is also required to pass Module 6A.
[SFA 04-N09 (Amendment) 2011]
12B A specific representative who conducts fund management in respect of
futures funds is required to pass Modules 3 and 7. With effect from 1 January
2012, such representative is required to pass Module 6A in lieu of Module 7.
[SFA 04-N09 (Amendment) 2011]
13 In the case where a specific representative trades in futures contracts for
a principal in the principal’s capacity as a member of the SGX-DT, such
representative is required to pass Modules 2A and 7. In the case where a
specific representative trades in futures contract for a principal in the principal’s
capacity as a member of the SMX, such representative is required to pass
Modules 2B and 7. In the case where a specific representative trades in futures
contract for a principal in the principal’s capacity as a member of the SGX-DT
and a member of the SMX, such representative is required to pass Modules 2A,
2B and 7. With effect from 1 January 2012, the specific representative is
required to pass Module 6A in lieu of Module 7.
[SFA 04-N09 (Amendment) 2011]
14 In the case where a specific representative trades in futures contracts for
a principal who is neither a member of the SGX-DT nor a member of the SMX,
such representative is required to pass either Modules 2A or 2B, and Module 7.
With effect from 1 January 2012, such representative is required to pass
Module 6A in lieu of Module 7.
[SFA 04-N09 (Amendment) 2011]