Singapore legislation

Clause 84

of Securities and Futures (Amendment) Bill

Clause 84

Amendment of section 286

Section 286 of the principal Act is amended —

(a)

by deleting sub-paragraphs (i) to (vi) of subsection (3)(b) and substituting the following sub-paragraphs:“(i)any person who is or will be employed by or associated with the manager;

(ii)

any person exercising influence over the manager; or

(iii)

any person exercising influence over a related corporation of the manager.”;

(b)

by deleting paragraphs (b) and (d) of subsection (6);

(c)

by deleting the words “, a judicial manager” in subsection (6)(c); and

(d)

by deleting the semi-colon at the end of subsection (6)(c) and substituting a full-stop.