Singapore legislation

Clause 63

of Securities and Futures (Amendment) Bill

Clause 63

Amendment of section 133

Section 133 of the principal Act is amended —

(a)

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

(b)

by deleting the words “or other securities” in subsection (3)(b)(ii)(B) and substituting the words “, other securities or securities‑based derivatives contracts”;

(c)

by inserting, immediately after the word “securities” wherever it appears in subsection (4)(a), the words “or securities‑based derivatives contracts”; and

(d)

by deleting paragraph (b) of subsection (5) and substituting the following paragraph:“(b)a reference to a person who holds or acquires participatory interests, other securities or securities‑based derivatives contracts referred to in subsection (1), or an interest in shares, debentures, participatory interests, other securities or securities‑based derivatives contracts referred to in that subsection, includes a reference to a person who under an option holds or acquires a right to acquire or dispose of the participatory interests, securities or securities‑based derivatives contracts, or the interest in shares, debentures, participatory interests, securities or securities‑based derivatives contracts.”.

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