Singapore legislation

Clause 187

of Securities and Futures (Amendment) Bill

Clause 187

Amendment of section 334

Section 334(2) of the principal Act is amended —

(a)

by deleting sub-paragraph (iv) of paragraph (a) of the definition of “misconduct” and substituting the following sub‑paragraph:“(iv)any business rules of an approved exchange, a licensed trade repository or an approved clearing house, or the listing rules of an approved exchange;”; and

(b)

by deleting the definition of “relevant person” and substituting the following definition:“ “relevant person” means —

(a)

an approved exchange;

(b)

a recognised market operator;

(c)

a licensed trade repository;

(d)

a licensed foreign trade repository;

(e)

an approved clearing house;

(f)

a recognised clearing house;

(g)

an approved holding company;

(h)

a holder of a capital markets services licence to carry on business in any regulated activity;

(i)

an exempt person;

(j)

an approved trustee mentioned in section 289;

(k)

an authorised benchmark administrator;

(l)

an exempt benchmark administrator;

(m)

an authorised benchmark submitter;

(n)

an exempt benchmark submitter;

(o)

a designated benchmark submitter; or

(p)

any employee, officer, partner or representative of any person mentioned in paragraphs (a) to (o).”.

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