Clause 2
Amendment of section 2
of Government Securities (Amendment) Bill
BillNot in forceProvision 2 of 8
Clause 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;”.