Singapore legislation

Clause 83

of Securities and Futures (Amendment) Bill

Clause 83

Amendment of section 325

Section 325(1) of the principal Act is amended —

(a)

by deleting the words “futures exchange, or designated clearing house” in paragraph (a)(ii) and substituting the words “a futures exchange, a licensed trade repository or an approved clearing house”;

(b)

by deleting the word “or” at the end of paragraph (c);

(c)

by deleting paragraph (d) and substituting the following paragraphs:“(d)on the application of an approved clearing house, it appears to the court that a person has contravened the business rules of the approved clearing house; or

(e)

on the application of a licensed trade repository, it appears to the court that a person has contravened the business rules of the licensed trade repository,”; and

(d)

by deleting the words “futures exchange or clearing house” in paragraph (i) and substituting the words “a futures exchange, a licensed trade repository or an approved clearing house”.

Read in full context — Securities and Futures (Amendment) Bill →