Singapore legislation

Clause 5

of Securities Industry (Amendment) Bill

Clause 5

Amendment of section 33

Section 33 of the principal Act is amended by inserting, immediately after subsection (1), the following subsection:“(1A) Without limiting the generality of subsection (1), the Authority may in granting or renewing a dealer’s licence impose such conditions or restrictions as it thinks fit as to the class or classes of business that a dealer may carry on.”.