Singapore legislation
Clause 66
Clause 66
New section 137IA
The principal Act is amended by inserting, immediately after section 137I, the following section:“Authority may extend scope of Division in certain circumstances137IA. The Authority may, if it thinks it is necessary in the interests of the public or a section of the public, to protect investors, or to enhance market transparency, by regulations extend, with or without modifications or adaptations, the provisions of this Division —
to any person or class of persons, other than the persons to which this Division applies;
to any securities or securities‑based derivatives contracts, or class of securities or securities‑based derivatives contracts, other than the securities or securities‑based derivatives contracts to which this Division applies;
to any interests in securities or securities‑based derivatives contracts, or class of interests in securities or securities‑based derivatives contracts, other than the interests in securities or securities‑based derivatives contracts to which this Division applies;
to require the disclosure of interests in any entity, arrangement or trust other than a business trust or a trustee‑manager of a business trust,and the provisions of this Division apply accordingly.”.