Singapore legislation

Clause 16

of Futures Trading (Amendment) Bill

Clause 16

Amendment of section 25

Section 25 of the principal Act is amended —

(a)

by inserting, immediately after the words “futures contracts” in the fourth line of subsection (1)(a), the words “or leveraged foreign exchange trading”;

(b)

by inserting, immediately after the words “futures contracts” in subsection (2)(a)(ii), the words “and all purchases and sales in connection with leveraged foreign exchange trading”; and

(c)

by deleting paragraph (b) of subsection (3) and substituting the following paragraph:“(b)(i)a copy of each futures contract made out by him as agent of a customer;

(ii)

each futures contract received by him or made out to or by him as principal;

(iii)

a copy of the document made out by him as agent of a customer as evidence of each transaction arising from leveraged foreign exchange trading; and

(iv)

each document received by him or made out to or by him as principal, which is evidence of a transaction arising from leveraged foreign exchange trading.”.