Singapore legislation

Clause 179

of Financial Services and Markets Bill

Clause 179

Appointment of assistants

(1)

Subject to subsection (2), the Authority may appoint any person to exercise any of the Authority’s powers or perform any of the Authority’s functions or duties under this Act, either generally or in any particular case, except —

(a)

the power of appointment conferred by this subsection; and (b)the power to make subsidiary legislation.

(2)

The Authority may, by notification in the Gazette, appoint one or more of its officers to exercise the power under section 189(5) to grant an exemption to a particular person, or under section 189(6) to revoke any such exemption, or both.

(3)

Any person appointed under subsection (1) or officer appointed under subsection (2) is taken to be a public servant for the purposes of the Penal Code 1871.

Clause 179 — Financial Services and Markets Bill | laws.sg