Singapore legislation

Clause 44

of Securities and Futures (Amendment) Bill

Clause 44

Amendment of section 232

Section 232 of the principal Act is amended —

(a)

by deleting the words “payable to the Authority” in subsection (6) and substituting the words “paid into the Consolidated Fund”; and

(b)

by inserting, immediately after the words “recover the civil penalty” in subsection (7), the words “on behalf of the Government”.

Clause 44 — Securities and Futures (Amendment) Bill