Singapore legislation

Clause 32

of Securities Industry (Amendment) Bill

Clause 32

Amendment of section 90

Section 90 of the principal Act is hereby amended —

(a)

by deleting the word “dealer” appearing in paragraph (b) of subsection (1) thereof and substituting therefor the word “person”;

(b)

by deleting the words “the holder of a dealer’s licence” appearing in the second and third lines of subsection (2) thereof and substituting therefor the words “any person”;

(c)

by deleting the word “dealer” appearing in the sixth line of subsection (2) thereof and substituting therefor the word “person”; and

(d)

by deleting the expression “subsection (1), (2) or (5)” appearing in the second and third lines of subsection (4) thereof and substituting therefor the words “this section”.