5.5.2 Proprietary Accounts

A Designated Market-Maker may make a market in Specified Securities for 1 or more of the following:—

(1) its proprietary accounts;
(2) proprietary accounts of its related corporations or Associated Corporations; and
(3) customers if it holds a Capital Markets Services Licence or is exempt under the Securities and Futures Act or Securities and Futures Regulations.

In this Rule, an Associated Corporation means any body corporate formed in or out of Singapore in which the Designated Market-Maker and its related corporations hold directly or indirectly a beneficial interest of not less than 20% of the issued share capital.

Amended on 29 December 201429 December 2014.