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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.

Added on 3 June 20193 June 2019.