Singapore legislation

Clause 100

of Securities and Futures (Amendment) Bill

Clause 100

Amendment of section 217

Section 217 of the principal Act is amended —

(a)

by deleting subsection (1) and substituting the following subsection:“(1) For the purposes of this Division, trading in any securities, securities‑based derivatives contracts or CIS units, that is ordinarily permitted on an organised market is taken to be permitted on that organised market even though trading in such securities, securities‑based derivatives contracts or CIS units, as the case may be, on that organised market is suspended.”; and

(b)

by inserting, immediately after the word “securities” in the section heading, the words “, securities‑based derivatives contracts or CIS units”.

Clause 100 — Securities and Futures (Amendment) Bill