Singapore legislation

Clause 53

of Securities and Futures (Amendment) Bill

Clause 53

Amendment of section 128

Section 128 of the principal Act is amended —

(a)

by deleting the words “shall be deemed” in subsection (1) and substituting the words “is treated”; and

(b)

by deleting the words “enters into a specified derivatives contract as an agent of a party to the specified derivatives contract (referred to in this subsection as the principal party) shall be deemed” in subsection (2) and substituting the words “executes or causes to be executed a specified derivatives contract as an agent of a party to the specified derivatives contract (called in this subsection the principal party) is treated”.

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