Singapore legislation

Clause 19

of Securities Industry Bill

Clause 19

Period of licence

(1)

Subject to subsection (2), a licence shall expire one year after the date of issue thereof.

(2)

A licence that has been renewed in accordance with the provisions of this Part shall continue in force for a period of twelve months next succeeding the date upon which but for its renewal it would have expired.

Clause 19 — Securities Industry Bill | laws.sg