Singapore legislation

Clause 38

of Financial Advisers Bill

Clause 38

Register of interests in securities

(1)

A relevant person shall —

(a)

maintain in the prescribed form a register of his interests in securities;

(b)

enter in the register, within 7 days after the date that he acquires any interest in securities, particulars of the securities in which he has an interest and particulars of his interest in those securities; and (c)retain that entry in an easily accessible form for a period of not less than 6 years after the date on which such entry was first made.

(2)

Where there is a change (not being a prescribed change) in any interest in securities of a relevant person, he shall —

(a)

enter in the register particulars of the change, including the date of the change and the circumstances by reason of which that change has occurred; and

(b)

retain that entry in an easily accessible form for a period of not less than 6 years after the date on which that entry was first made.

(3)

Any relevant person who contravenes this section shall be guilty of an offence.

Clause 38 — Financial Advisers Bill | laws.sg