Singapore legislation

Clause 24

of Securities Industry Bill

Clause 24

Application of this Part

(1)

This Part applies to a person who is —

(a)

a dealer;

(b)

a dealer’s representative;

(c)

an investment adviser;

(d)

an investment representative;

(e)

a person in the direct employment of or acting for or on arrangement with a stockbroker and who performs for such stockbroker any of the functions of a dealer or investment adviser (other than work ordinarily performed by accountants, clerks or cashiers) whether his remuneration is by way of salary, wages or commission or otherwise; or

(f)

a financial journalist.

(2)

In this Part “financial journalist” means a person who contributes advice concerning securities or prepares analyses or reports concerning securities for publication in a bona fide newspaper or periodical.

(3)

In this Part a reference to securities is a reference to securities of a corporation which is a public company under the law of Singapore and to securities which are quoted or dealt in on a stock exchange in Singapore.

Read in full context — Securities Industry Bill →