Singapore legislation

Clause 190

of Securities and Futures (Amendment) Bill

Clause 190

Amendment of section 341

Section 341 of the principal Act is amended —

(a)

by deleting the words “and the conduct of such solicitation” in subsection (2)(d) and substituting the words “, the conduct of such solicitation and the risk management of the business”;

(b)

by deleting the words “securities exchange, futures exchange,” in subsection (2)(f) and substituting the words “approved exchange,”;

(c)

by deleting the word “securities” in subsection (2)(la) and substituting the words “specified products”;

(d)

by deleting the words “securities, futures contracts or leveraged foreign exchange trading” in subsection (2)(m) and substituting the words “capital markets products”;

(e)

by deleting the words “a securities exchange, futures exchange or recognised market operator” wherever they appear in subsection (2)(n) and substituting in each case the words “an approved exchange or a recognised market operator;

(f)

by deleting the words “fair and orderly market” in subsection (2)(n) and substituting the words “fair and orderly organised market”;

(g)

by deleting the word “securities” wherever it appears in subsection (2)(p) and substituting in each case the words “capital markets products”;

(h)

by deleting paragraph (q) of subsection (2) and substituting the following paragraph:“(q)the prohibition or restriction of securities‑based derivatives contracts that are admitted to the official list of an approved exchange;”;

(i)

by deleting the words “paragraphs (a)(iv) and (b)” in subsection (3A) and substituting the words “paragraphs (b) and (vii)”;

(j)

by deleting the words “paragraphs (a)(iii) and (b) of” in subsection (3C); and

(k)

by deleting the word “securities” in subsection (5) and substituting the words “specified products”.