Singapore legislation
Clause 18
Clause 18
Amendment of section 99H
Section 99H of the principal Act is amended by inserting, immediately after subsection (1), the following subsection:“(1A) Subsection (1) shall not apply to a principal who desires to appoint, as an appointed representative in respect of any type of regulated activity, an individual who is a provisional representative in respect of that type of regulated activity, if —
(a)
that individual has satisfied the examination requirements specified for that type of regulated activity; and
(b)
the principal has informed the Authority of that fact in the prescribed form and manner under section 99E(5).”.