Singapore legislation

Clause 45

of Financial Institutions (Miscellaneous Amendments) Bill

Clause 45

Amendment of section 71

In the Securities and Futures Act 2001, in section 71 —

(a)

in subsection (3), replace “prescribe” with “specify”; and

(b)

in subsection (4), replace “as the Authority may prescribe or specify in directions issued by written notice” with “as may be prescribed by regulations made under section 81Q or notified by the Authority to the approved clearing house in writing”.

Clause 45 — Financial Institutions (Miscellaneous Amendments) Bill