Singapore legislation

Clause 51

of Securities and Futures (Amendment) Bill

Clause 51

Amendment of section 186

Section 186 of the principal Act is amended by deleting subsection (14) and substituting the following subsection:“(14) In this section, any reference to dealing in securities or trading of a futures contract is a reference to such dealing or trading which is done or to be done —

(a)

on the approved exchange which establishes, keeps and administers the fidelity fund; or

(b)

through a trading linkage of the approved exchange with an overseas securities exchange or an overseas futures exchange.”.

Clause 51 — Securities and Futures (Amendment) Bill