Singapore legislation

Clause 38

of Securities and Futures (Amendment) Bill

Clause 38

Amendment of section 165

Section 165 of the principal Act is amended —

(a)

by deleting paragraph (a) of subsection (1) and substituting the following paragraph:“(a)books are produced to the Authority —

(i)

pursuant to a requirement of the Authority under section 163 or of an investigator or authorised person under section 163A(5); or

(ii)

during an entry into any premises by an investigator or authorised person under section 163A;”;

(b)

by deleting the word “and” at the end of subsection (3)(b);

(c)

by deleting the full-stop at the end of subsection (3)(c)(iii) and substituting the word “; and”;

(d)

by inserting, immediately after paragraph (c) of subsection (3), the following paragraph:“(d)require any book which the Authority or person referred to in subsection (1)(b) is satisfied relates to any matter relevant to an investigation under this Division, and which is stored in any electronic form, to be produced in a form which can be taken away and which is visible and legible.”;

(e)

by inserting, immediately after the words “Unless subsection (1)(b)(ii) applies,” in subsection (6), the words “an investigator or authorised person referred to in subsection (1)(a) or”;

(f)

by deleting the word “Where” in subsection (7) and substituting the words “Without prejudice to sections 163A(5) and 164(2)(d), where”; and

(g)

by inserting, immediately after the words “the Authority,” in subsection (7), the words “an investigator or authorised person referred to in subsection (1)(a),”.

Clause 38 — Securities and Futures (Amendment) Bill