Singapore legislation

Clause 19

of Securities and Futures (Amendment) Bill

Clause 19

Amendment of section 99K

Section 99K of the principal Act is amended by deleting subsection (2) and substituting the following subsection:“(2) An individual who is an appointed or provisional representative in respect of any type of regulated activity shall, by the prescribed time each year, pay such annual fee as may be prescribed by the Authority in relation to the retention of his name, in the public register of representatives, as an appointed or provisional representative in respect of that type of regulated activity.”.

Clause 19 — Securities and Futures (Amendment) Bill