Singapore legislation

Clause 52

of Securities and Futures (Amendment) Bill

Clause 52

Amendment of section 196A

Section 196A of the principal Act is amended —

(a)

by deleting the word “or” at the end of paragraph (a)(ii) of the definition of “securities”;

(b)

by deleting the comma at the end of paragraph (a)(iii)(C) of the definition of “securities” and substituting the word “; or”;

(c)

by inserting, immediately after sub-paragraph (iii) of paragraph (a) of the definition of “securities”, the following sub-paragraph:“(iv)such other product or class of products as the Authority may prescribe,”;

(d)

by deleting the word “or” at the end of paragraph (a)(CC) of the definition of “securities”;

(e)

by inserting the word “or” at the end of sub-paragraph (DD) of paragraph (a) of the definition of “securities” and by inserting immediately thereafter the following sub-paragraph:“(EE)such other product or class of products as the Authority may prescribe as not being securities;”;

(f)

by deleting the word “or” at the end of paragraph (b)(iii) of the definition of “securities”;

(g)

by deleting the comma at the end of paragraph (b)(iv) of the definition of “securities” and substituting the word “; or”;

(h)

by inserting, immediately after sub-paragraph (iv) of paragraph (b) of the definition of “securities”, the following sub-paragraph:“(v)such other product or class of products as the Authority may prescribe,”;

(i)

by deleting the word “or” at the end of paragraph (b)(B) of the definition of “securities”; and

(j)

by deleting the word “and” at the end of sub-paragraph (C) of paragraph (b) of the definition of “securities” and substituting the word “or”, and by inserting immediately thereafter the following sub-paragraph:“(D)such other product or class of products as the Authority may prescribe as not being securities; and”.

Read in full context — Securities and Futures (Amendment) Bill →