Singapore legislation
Clause 325
Clause 325
Not to speculate in commodities
(1)
No investment company shall for the purpose of profit buy or sell or deal in any raw materials or manufactured goods, whether in existence or not, otherwise than by investing in companies trading in such materials or goods.[Aust.s. 340.]
(2)
Subsection (1) of this section shall not apply to or in relation to —
(a)
any buying, selling or dealing by an investment company in pursuance of a contract entered into by the investment company before it was declared to be an investment company; or
(b)
the selling of or the dealing in raw materials or manufactured goods acquired by the investment company before it was so declared.