Singapore legislation

Clause 8

Amendment of section 13

Section 13 of the principal Act is amended —

(a)

by deleting the words “or renew any licence” in subsection (1) and substituting the words “any financial adviser’s licence”;

(b)

by deleting subsection (2) and substituting the following subsection:“(2) Without prejudice to the generality of subsection (1), the Authority may, in granting any financial adviser’s licence, impose conditions or restrictions with respect to the type of financial advisory service which may or may not be provided by the licensed financial adviser, described in such manner as the Authority may consider appropriate.”;

(c)

by deleting the word “licence” in subsection (3) and substituting the words “financial adviser’s licence”;

(d)

by deleting subsection (5); and

(e)

by deleting the section heading and substituting the following section heading:“Grant of financial adviser’s licence”.

Read in full context — Financial Advisers (Amendment) Bill →