Clause 3

The Minister may establish from time to time such consultative or advisory body, as he thinks fit, consisting of such representatives of business, government and the Monetary Authority of Singapore as he may appoint, to advise him on matters relating to the securities industry.

Any consultative or advisory body established under subsection (1) shall have the power in the exercise of its functions to enquire into any matter or thing related to the securities industry and for this purpose may summon any person to give evidence on oath or affirmation or produce any document or material necessary for the purpose of the enquiry.