Singapore legislation

Clause 90

of Securities and Futures (Amendment) Bill

Clause 90

Amendment of section 301

Section 301 of the principal Act is amended —

(a)

by deleting the words “under this section” in subsection (7) and substituting the words “from applicants as payment for the units, including contributions to the scheme and charges which the applicants have paid to the responsible person, its agent, or any person through whom the applicant has applied for the units,”;

(b)

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

(c)

by deleting the words “dealing in or quoting units 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 units on any securities exchange”.

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