Singapore legislation

Clause 105

of Securities and Futures (Amendment) Bill

Clause 105

Repeal and re-enactment of section 228

Section 228 of the principal Act is repealed and the following section substituted therefor:“Exception for knowledge of individual’s own intentions or activities

228. An individual does not contravene section 218(2) or 219(2) by entering into a transaction or agreement in relation to securities, securities‑based derivatives contracts or CIS units merely because the individual is aware that the individual proposes to enter into, or has previously entered into, one or more transactions or agreements in relation to those securities, securities‑based derivatives contracts or CIS units.”.

Clause 105 — Securities and Futures (Amendment) Bill