Clause 23

by deleting the word “section” in the first line of subsection (5A) and substituting the word “Division”;

by inserting, immediately after subsection (5A), the following subsection:“(5AA) Where a prescribed corporation, which offers debentures to the public for subscription or purchase in Singapore, makes provision in those debentures or in a trust deed relating to those debentures for the appointment of a trustee (whether or not a trustee corporation) for the holders of the debentures, nothing in this Division shall apply to those debentures, the trust deed and the trustee.”; and

by inserting, immediately after the words “subsection (5A)” in the first line of subsection (5B), the words “or (5AA)”.