Singapore legislation

Clause 96

of Securities and Futures (Amendment) Bill

Clause 96

Repeal and re-enactment of section 213

Section 213 of the principal Act is repealed and the following section substituted therefor:“Application of this Division

213. This Division applies to —

(a)

acts occurring within Singapore in relation to —

(i)

securities or securities-based derivatives contracts of any corporation, whether formed or carrying on business in Singapore or elsewhere;

(ii)

securities or securities-based derivatives contracts of any business trust;

(iii)

securities or securities-based derivatives contracts listed for quotation or quoted on an organised market in Singapore or elsewhere;

(iv)

securities-based derivatives contracts, whether traded in Singapore or elsewhere; or

(v)

CIS units —

(A)

listed for quotation or quoted on an organised market in Singapore or elsewhere; or

(B)

traded in Singapore or elsewhere; and

(b)

acts occurring outside Singapore in relation to —

(i)

securities or securities-based derivatives contracts of a corporation that is formed or carries on business in Singapore;

(ii)

securities or securities-based derivatives contracts of a business trust, the trustee of which is formed in Singapore or carries on business on behalf of the business trust in Singapore;

(iii)

securities or securities-based derivatives contracts listed for quotation or quoted on an organised market in Singapore;

(iv)

securities-based derivatives contracts traded in Singapore; or

(v)

CIS units —

(A)

listed for quotation or quoted on an organised market in Singapore; or

(B)

traded in Singapore.”.

Read in full context — Securities and Futures (Amendment) Bill →