Clause 26

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

by deleting the full-stop at the end of paragraph (o) and substituting a semi-colon, and by inserting immediately thereafter the following paragraphs:“(p)any sum of money, other than any compensatory payment, paid by a transferee to a transferor after the transferee has failed to notify such person within such period as the Comptroller may require under section 10N(6)(b), in place of any dividend derived from Singapore from which tax has been deducted under section 44 in respect of transferred securities under a securities lending or repurchase arrangement to which section 10N applies; and

any outgoings and expenses, whether directly or in the form of reimbursements, incurred in respect of any right or benefit granted to any person to acquire shares on or after 1st January 2002 in any company, if the right or benefit is not granted by reason of any office or employment held in Singapore by the person.”.