Singapore legislation
Clause 49
Clause 49
Amendment of section 81R
In the Securities and Futures Act 2001, in section 81R(1) —
(a)
after “a recognised clearing house,”, insert “or a class of approved clearing houses or class of recognised clearing houses,”;
(b)
in paragraph (a), replace “or of clearing facilities, operated” with “or of clearing facilities operated by approved clearing houses or recognised clearing houses of the class or”; and
(c)
in paragraph (e), replace “section 58(2), 70(5) or (10), 71(11) or (12)” with “section 51(4) or (5), 58(2), 70(5), (10) or (11), 71(11) or (12), 81AA(4), (9) or (10), 81AC(11) or (12)”.