Singapore legislation
Clause 16
Clause 16
Amendment of section 25
Section 25 of the principal Act is amended —
by inserting, immediately after the words “futures contracts” in the fourth line of subsection (1)(a), the words “or leveraged foreign exchange trading”;
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
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;
each futures contract received by him or made out to or by him as principal;
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
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.”.