Singapore legislation

Clause 16

of Securities and Futures (Amendment No. 2) Bill

Clause 16

Amendment of section 99

Section 99 of the principal Act is amended —

(a)

by deleting paragraph (e) of subsection (1);

(b)

by deleting paragraph (f) of subsection (1) and substituting the following paragraph:“(f) any securities exchange, futures exchange, recognised market operator or approved holding company in respect of any regulated activity that is solely incidental to its operation of a securities market or futures market or to its performance as an approved holding company, as the case may be;”;

(c)

by deleting subsections (2) and (3); and

(d)

by deleting the words “any provision of this Act which is applicable to it or” in subsection (5).

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