On September 7, 2023, the Securities and Futures (Exemption for Cross-Border Arrangements) (Foreign Related Corporations) (Amendment No. 2) Regulations 2023 were published on Singapore Statutes Online, the official journal of Singapore. The regulations modify Regulation 6 of the Securities and Futures (Exemption for Cross-Border Arrangements) (Foreign Related Corporations) Regulations 2021 which sets out provisions for a Foreign Related Corporation (FRC) to be exempt from registration requirements and business conduct rules to make a minor technical revision. Specifically, the term “any customer” is replaced with “every customer” in the provision dealing with the customers an FRC is serving for purposes of qualifying for the exemption.
Other Features
cross-border
investors
professional investor
restrictions
Date Published: 2023-09-07
Date Taking Effect: 2023-10-09
Regulatory Framework: Securities and Futures Act 2001
Regulatory Type: regulation
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The above named order was published on Singapore Statutes Online, the official platform of ...