Singapore legislation

Clause 85

of Securities and Futures (Amendment) Bill

Clause 85

Amendment of section 186

Section 186 of the principal Act is amended —

(a)

by deleting the words “a dealing in securities, or the trading of a futures contract” in subsection (1)(a) and substituting the words “a dealing in capital markets products”;

(b)

by deleting the words “dealings in securities or trading in futures contracts” in subsections (2), (5) and (9) and substituting in each case the words “dealings in capital markets products”; and

(c)

by deleting subsection (14) and substituting the following subsection:“(14) In this section, any reference to dealing in capital markets products is a reference to such dealing which is done or to be done —

(a)

on the approved exchange which establishes, keeps and administers the fidelity fund; or

(b)

through a trading linkage of the approved exchange with an overseas exchange.”.

Clause 85 — Securities and Futures (Amendment) Bill