Singapore legislation
Clause 2
of International Enterprise Singapore Board (Amendment) Bill
Clause 2
Amendment of section 5
Section 5(1) of the International Enterprise Singapore Board Act (called in this Act the principal Act) is amended by deleting paragraphs (k) and (l) and substituting the following paragraphs:“(k)to advise and assist the Government or any public authority on matters affecting or in any way connected with the development or regulation of trade, including commodity trade and industry, and to act as agent for the Government or for any person, body or organisation on such matters;
to regulate the rubber trade and industry; (la)to regulate spot commodity trading; (lb)to promote and facilitate trading in such goods, and derivatives contracts in respect of one or more commodities, as the Board may think fit; (lc)to promote, develop and maintain the commodity trade and industry in Singapore, including any market involving derivatives contracts in respect of one or more commodities; and”.