3.2 Base Capital Requirement
3.2.1(a) A Trading Member that holds a Capital Markets Services Licence shall not cause or permit:(i) where the Trading Member is incorporated in Singapore, its base capital; or(ii) where the Trading Member is incorporated outside Singapore, its net head office funds,to fall below the base capital requirement.(b) A Remote Trading Member shall not cause or permit its base capital to fall below the base capital requirement specified in this Rule 3.2, or such other base capital requirement as SGX-ST may impose.
The base capital requirement of:(a) a Trading Member (whether concurrently a member of SGX-DT or not) shall be at least S$1 million; and(b) a Trading Member that is also a member of CDP shall be at least S$5 million.
If a Trading Member fails to comply or becomes aware that it will fail to comply with the base capital requirement prescribed under Rule 3.2, or such other base capital requirement as SGX-ST may have imposed, it shall immediately notify SGX-ST.