Clause 18

by deleting the word “or” at the end of subsection (1)(f);

by inserting, immediately after paragraph (f) of subsection (1), the following paragraph:“(fa)has had a prohibition order under section 59 made by the Authority against him that remains in force; or”; and

by deleting subsection (4) and substituting the following subsection:“(4) The Authority may direct a licensed financial adviser to remove an officer from its office or employment under subsection (1) on any of the following grounds without giving the licensed financial adviser an opportunity to be heard:

the officer is an undischarged bankrupt, whether in Singapore or elsewhere;

a prohibition order under section 59 has been made by the Authority, and remains in force, against the officer;

the officer has been convicted, whether in Singapore or elsewhere, of an offence —

involving fraud or dishonesty or the conviction for which involved a finding that he had acted fraudulently or dishonestly; and (ii)punishable with imprisonment for a term of 3 months or more.”.