Singapore legislation

Clause 15

of Financial Institutions (Miscellaneous Amendments) Bill

Clause 15

Amendment of section 125

In the Financial Advisers Act 2001, in section 125, after subsection (1), insert —“(1A) The Authority may, under subsection (1), reprimand a person who has ceased to be a relevant person, if the person was a relevant person at the time of the misconduct.”.

Clause 15 — Financial Institutions (Miscellaneous Amendments) Bill