Singapore legislation

Clause 88

of Securities and Futures (Amendment) Bill

Clause 88

Amendment of section 334

Section 334(2) of the principal Act is amended —

(a)

by deleting the words “or designated clearing house” in paragraph (a)(iv) of the definition of “misconduct” and substituting the words “, a licensed trade repository or an approved clearing house”; and

(b)

by deleting the words “a person operating a clearing facility, a designated clearing house,” in the definition of “relevant person” and substituting the words “a licensed trade repository, a licensed foreign trade repository, an approved clearing house, a recognised clearing house,”.