Singapore legislation

Clause 166

of Securities and Futures (Amendment) Bill

Clause 166

Amendment of section 302

Section 302 of the principal Act is amended —

(a)

by inserting, immediately after the word “securities” in subsection (1), the words “or securities‑based derivatives contracts”;

(b)

by deleting subsection (2) and substituting the following subsection:“(2) For the purposes of subsection (1) —

(a)

references in those sections to securities or securities‑based derivatives contracts are to be read as references to units in a collective investment scheme; and

(b)

references in those sections to a person subscribing for, purchasing or acquiring securities or securities‑based derivatives contracts are to be read as a person subscribing for, purchasing or acquiring units in a collective investment scheme.”; and

(c)

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

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