SGX RegCo notes that investors in Singapore can hold their Singapore equities directly with CDP in individual accounts and in broker custody accounts. This arrangement is in contrast to other markets where one holds securities from different markets under one account, usually on an omnibus basis.
Singapore Exchange Regulation (SGX RegCo) today launched a public consultation exercise on modernising the Singapore equities post-trade custody model. The consultation paper seeks feedback on the proposed rule amendments to facilitate the broader use of broker custody accounts, in particular, on an omnibus basis.
SGX says that about two-thirds of retail accounts in CDP are individually-segregated direct accounts, while the remaining one-third are in broker custody accounts.
