Singapore legislation
Clause 70
Clause 70
New section 137TA
The principal Act is amended by inserting, immediately after section 137T, the following section:“Authority may extend scope of Division in certain circumstances137TA. 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, securities‑based derivatives contracts or units in a collective investment scheme, or class of securities, securities‑based derivatives contracts or units in a collective investment scheme, other than the securities, securities‑based derivatives contracts or units in a collective investment scheme to which this Division applies;
to any interests in securities, securities‑based derivatives contracts or units in a collective investment scheme, or class of interests in securities, securities‑based derivatives contracts or units in a collective investment scheme, other than the interests in securities, securities‑based derivatives contracts or units in a collective investment scheme to which this Division applies;
to require the disclosure of interests in any entity, arrangement or trust other than a real estate investment trust or a responsible person for a real estate investment trust,and the provisions of this Division apply accordingly.”.