Clause 26

by inserting, immediately after the definition of “collective investment scheme” in section 2(1), the following definition:“ “commodity” has the same meaning as in section 2(1) of the Securities and Futures Act;”; and

by inserting, immediately after section 104, the following section:“Regulations to apply Act to persons previously regulated under Commodity Trading Act104A.—

The Authority may by regulations prescribe such provisions as it may consider necessary or expedient for the purpose of applying this Act in relation to commodity futures trading advisers and commodity futures trading adviser’s representatives; and for this purpose this Act shall apply with such modifications as may be prescribed.(2) In subsection (1), “commodity futures trading adviser” and “commodity futures trading adviser’s representative” have the meanings given to those expressions in the Commodity Trading Act (Cap. 48A) in force immediately before the commencement of this provision.”.