Singapore legislation

Clause 117

of Securities and Futures (Amendment) Bill

Clause 117

Amendment of section 236I

Section 236I of the principal Act is amended —

(a)

by deleting paragraph (a) of subsection (1) and substituting the following paragraph:“(a)had been dealing in capital markets products of the same description contemporaneously with the contravention by the contravening person; and”;

(b)

by deleting the words “securities, futures contracts, or contracts or arrangements in connection with leveraged foreign exchange trading were dealt in or traded” in subsection (1)(b)(i) and substituting the words “capital markets products were dealt in”;

(c)

by deleting the words “securities, futures contracts, or contracts or arrangements in connection with leveraged foreign exchange trading would have been likely to have been so dealt in or traded at the time of the contemporaneous dealing or trading” in subsection (1)(b)(ii) and substituting the words “capital markets products would have been likely to have been so dealt in at the time of the contemporaneous dealing”;

(d)

by deleting the words “or trading” in subsection (4); and

(e)

by deleting the words “securities, trading in futures contracts, or leveraged foreign exchange trading” in subsection (5) and substituting the words “capital markets products”.

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