Singapore legislation
Clause 20
Clause 20
Amendment of section 99M
Section 99M(1) of the principal Act is amended —
by deleting the words “of licence” in paragraph (h)(i) and substituting the words “for him to be an appointed, provisional or temporary representative”;
by deleting the word “or” at the end of paragraph (h)(ii);
by inserting, immediately after the words “will not carry” in paragraph (h)(iii), the words “, or has not carried,”;
by inserting, at the end of paragraph (h)(iii), the word “or”;
by inserting, immediately after sub-paragraph (iii) of paragraph (h), the following sub-paragraph:“(iv)the Authority has reason to believe that he has not acted in the best interests of the subscribers or customers of his principal;”; and
by inserting, immediately after paragraph (o), the following paragraph:“(oa)it appears to the Authority that he has failed to satisfy any of his obligations under or arising from —
this Act; or
any written direction issued by the Authority under this Act;”.