Singapore legislation

Clause 2

of Government Securities (Amendment) Bill

Clause 2

Amendment of section 2

Section 2 of the Government Securities Act (referred to in this Act as the principal Act) is amended —

(a)

by inserting, immediately after the definition of “book-entry Government securities”, the following definition:“ “financial institution” means any person licensed, approved, registered or regulated by the Authority, or exempted from such licensing, approval, registration or regulation, under any written law administered by the Authority;”; and

(b)

by inserting, immediately after the definition of “Government securities”, the following definition:“ “primary dealer” means a person approved under Part VIIA to be a primary dealer;”.

Read in full context — Government Securities (Amendment) Bill →