Clause 159

Section 288(1) of the principal Act is amended by deleting the word “or” at the end of paragraph (b), and by inserting immediately thereafter the following paragraph:“(ba)in the case of a scheme recognised under section 287, the Authority is of the opinion that it is necessary to revoke the recognition of the scheme to give effect to the provisions of any arrangement relating to cross‑border offers of collective investment schemes to which Singapore or the Authority is a party; or”.