Singapore legislation

Clause 55

of Securities and Futures (Amendment) Bill

Clause 55

Amendment of section 214

Section 214 of the principal Act is amended —

(a)

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

(b)

by inserting the word “or” at the end of sub-paragraph (iv) of paragraph (a) of the definition of “securities” and by inserting immediately thereafter the following sub-paragraph and words:“(v)such other product or class of products as the Authority may prescribe,but does not include such product or class of products as the Authority may prescribe as not being securities;”;

(c)

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

(d)

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

(e)

by inserting, immediately after sub-paragraph (iv) of paragraph (b) of the definition of “securities”, the following sub-paragraph and words:“(v)such other product or class of products as the Authority may prescribe, but does not include such product or class of products as the Authority may prescribe as not being securities; and”;

(f)

by deleting the word “or” at the end of paragraph (c)(vi)(C) of the definition of “securities”;

(g)

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

(h)

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

(i)

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

(j)

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

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