Singapore legislation

Clause 34

of Securities and Futures (Amendment No. 2) Bill

Clause 34

Amendment of section 203

Section 203 of the principal Act is amended —

(a)

by deleting subsections (1) and (2) and substituting the following subsections:“(1) This section shall apply to —

(a)

an entity the securities of which are listed for quotation on a securities exchange;

(b)

a trustee of a business trust, where the securities of the business trust are listed for quotation on a securities exchange; or

(c)

a responsible person of a collective investment scheme, where the units of the collective investment scheme are listed for quotation on a securities exchange,if the entity, trustee or responsible person is required by the securities exchange under the listing rules or any other requirement of the securities exchange to notify the securities exchange of information on specified events or matters as they occur or arise for the purpose of the securities exchange making that information available to a securities market operated by the securities exchange.(2) The persons specified in subsection (1)(a), (b) or (c) shall not intentionally, recklessly or negligently fail to notify the securities exchange of such information as is required to be disclosed by the securities exchange under the listing rules or any other requirement of the securities exchange.”; and

(b)

by deleting subsection (4).

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