Singapore legislation

Section 81SA

of Securities and Futures Act 2001

Section 81SA

Interpretation of sections 81SA to 81SAE

Amended by10/2013

In this section and sections 81SAA to 81SAE, unless the context otherwise requires —“business” includes affairs and property;“office holder”, in relation to an approved clearing house or a recognised clearing house, means any person acting as the liquidator, the provisional liquidator, the receiver or the receiver and manager of the approved clearing house or recognised clearing house (as the case may be), or acting in an equivalent capacity in relation to the approved clearing house or recognised clearing house (as the case may be);“relevant business” means any business of an approved clearing house or a recognised clearing house —

(a)

which the Authority has assumed control of under section 81SAA; or

(b)

in relation to which a statutory adviser or a statutory manager has been appointed under section 81SAA;“statutory adviser” means a statutory adviser appointed under section 81SAA;“statutory manager” means a statutory manager appointed under section 81SAA.

Definition

“business” includes affairs and property;

Definition

“office holder”, in relation to an approved clearing house or a recognised clearing house, means any person acting as the liquidator, the provisional liquidator, the receiver or the receiver and manager of the approved clearing house or recognised clearing house (as the case may be), or acting in an equivalent capacity in relation to the approved clearing house or recognised clearing house (as the case may be);

Definition

“relevant business” means any business of an approved clearing house or a recognised clearing house —

(a)

which the Authority has assumed control of under section 81SAA; or

(b)

in relation to which a statutory adviser or a statutory manager has been appointed under section 81SAA;

Definition

“statutory adviser” means a statutory adviser appointed under section 81SAA;

Definition

“statutory manager” means a statutory manager appointed under section 81SAA.

Amended by10/2013
Section 81SA — Securities and Futures Act 2001 | laws.sg