Clause 14

by deleting the word “and” at the end of paragraph (b); and

by deleting the full-stop at the end of paragraph (c) and substituting the word “; and”, and by inserting immediately thereafter the following paragraph:“(d)fees and other benefits paid or granted under or arising out of a contract for financial consultancy services, whether in money or otherwise, to an approved consultant engaged in the research and development of any approved new financial activity, where —

the contract is for a period of not less than 6 months; and

the approved consultant is not absent from Singapore for more than 30 days in the aggregate during the period of the contract.”.