Singapore legislation

Clause 20

of Financial Advisers (Amendment) Bill

Clause 20

Amendment of section 59

Section 59(1) of the principal Act is amended —

(a)

by deleting the word “or” at the end of paragraph (c); and

(b)

by deleting the full-stop at the end of paragraph (d) and substituting the word “; or”, and by inserting immediately thereafter the following paragraph:“(e)the person has been convicted of an offence involving the contravention of any law or requirement of a foreign country or territory relating to any financial advisory service provided by that person.”.