Singapore legislation

Clause 83

of Securities and Futures (Amendment) Bill

Clause 83

Amendment of section 169

Section 169 of the principal Act is amended —

(a)

by deleting the words “securities, futures or derivatives industry of” in the definition of “enforcement” and substituting the words “securities and derivatives industry of, or financial benchmarks in,”;

(b)

by deleting the words “securities, futures or derivatives industry of” in the definition of “investigation” and substituting the words “securities and derivatives industry of, or financial benchmarks in,”; and

(c)

by deleting the definition of “supervision” and substituting the following definition:“ “supervision”, in relation to a regulatory authority, means the taking of any action for or in connection with the supervision of —

(a)

a person operating an organised market, an intermediary or any other person regulated by the regulatory authority;

(b)

the issuance of or trading in capital markets products in the foreign country of the regulatory authority; or

(c)

a person administering a financial benchmark, or providing information in relation to a financial benchmark, in the foreign country of the regulatory authority.”.

Clause 83 — Securities and Futures (Amendment) Bill