Singapore legislation

Clause 81

of Securities and Futures (Amendment) Bill

Clause 81

Amendment of section 322

Section 322 of the principal Act is amended —

(a)

by deleting the words “a person operating a clearing facility, a designated clearing house,” in subsection (1)(a) and substituting the words “a licensed trade repository, a licensed foreign trade repository, an approved clearing house, a recognised clearing house,”; and

(b)

by deleting the words “or a designated clearing house” in subsection (2)(g) and (h) and substituting in each case the words “, a licensed trade repository, a licensed foreign trade repository, an approved clearing house or a recognised clearing house”.

Clause 81 — Securities and Futures (Amendment) Bill