Singapore legislation

Clause 70

of Securities and Futures (Amendment) Bill

Clause 70

Amendment of section 259

Section 259 of the principal Act is amended —

(a)

by inserting, immediately after the words “this section” in subsection (3), the words “; and the Authority shall give notice of such exemption in the Gazette”;

(b)

by deleting the words “shares or units of shares” in subsection (6)(b) and substituting the words “shares or debentures, or units of shares or debentures”;

(c)

by deleting the words “under this section” in subsection (7) and substituting the words “from applicants in pursuance of the prospectus”;

(d)

by deleting the words “dealt in or quoted on any securities exchange” in subsection (11)(a) and substituting the words “listed for quotation on the official list of, dealt in or quoted on any securities exchange”; and

(e)

by deleting the words “dealing in or quoting the shares or debentures, or units of shares or debentures, on any securities exchange” in subsection (11)(b) and substituting the words “listing for quotation on the official list of, dealing in or quoting the shares or debentures, or units of shares or debentures on, any securities exchange”.

Read in full context — Securities and Futures (Amendment) Bill →