Singapore legislation

Clause 5

of Financial Advisers (Amendment) Bill

Clause 5

Amendment of section 8

Section 8 of the principal Act is amended —

(a)

by deleting the words “or renewal” in subsection (3);

(b)

by inserting, immediately after subsection (3), the following subsection:“(3A) An application for the renewal of a representative’s licence shall be supported by a person who is a licensed financial adviser.”; and

(c)

by inserting, immediately after the word “before” in subsection (6), the words “or during”.