Clause 45

by deleting the words “FRS 28, or SFRS for Small Entities, as amended from time to time” in subsection (18A) and substituting the words “FRS 28, SFRS(I) 1‑28, or SFRS for Small Entities”; (b)by deleting the definition of “FRS 28” in subsection (19) and substituting the following definitions:“ “FRS 28”, “SFRS(I) 1-28” and “SFRS for Small Entities” mean the financial reporting standards known respectively as —

Financial Reporting Standard 28 (Investments in Associates and Joint Ventures);

Singapore Financial Reporting Standard (International) 1‑28 (Investments in Associates and Joint Ventures); and

Singapore Financial Reporting Standard for Small Entities,that are made by the Accounting Standards Council under Part III of the Accounting Standards Act (Cap. 2B), as amended from time to time;”; and

by deleting the definition of “SFRS for Small Entities” in subsection (19).