Singapore legislation

Clause 44

of Financial Institutions (Miscellaneous Amendments) Bill

Clause 44

Amendment of section 48

In the Securities and Futures Act 2001, in section 48(1) —

(a)

in the definition of “Singapore corporation”, replace the full‑stop at the end with a semi‑colon; and

(b)

after the definition of “Singapore corporation”, insert —“ “Singapore recognised clearing house” means a recognised clearing house that is a Singapore corporation.”.

Clause 44 — Financial Institutions (Miscellaneous Amendments) Bill