Singapore legislation

Clause 105

of Securities and Futures (Amendment No. 2) Bill

Clause 105

Amendment of section 330

Section 330 of the principal Act is amended —

(a)

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

(b)

by deleting paragraph (c) of subsection (1) and substituting the following paragraphs:“(c)the affairs of an entity or a business trust; or

(d)

a collective investment scheme,”; and

(c)

by inserting, immediately after subsection (2), the following subsection:“(3) In subsection (1)(c), the reference to affairs of an entity or a business trust shall —

(a)

in the case of an entity which is a corporation, be construed as including a reference to the matters referred to in section 2(2); and

(b)

in the case of —

(i)

an entity which is not a corporation; or

(ii)

a business trust,be construed as a reference to such matters as may be prescribed by the Authority.”.

Read in full context — Securities and Futures (Amendment No. 2) Bill →