Singapore legislation

Clause 11

of Securities and Futures (Amendment) Bill

Clause 11

Amendment of section 81ZA

Section 81ZA(1) of the principal Act is amended —

(a)

by deleting the words “designated clearing house” in paragraphs (b)(i) and (ii) and (c)(i) and (ii) and substituting in each case the words “licensed trade repository, approved clearing house”; and

(b)

by inserting, immediately after the words “prescribe by regulations” in paragraph (d), the words “made under section 81ZK for the purposes of this paragraph”.

Clause 11 — Securities and Futures (Amendment) Bill