Clause 10
Amendment of section 17
of Securities and Futures (Amendment) Bill
BillNot in forceProvision 10 of 112
Clause 10
Section 17 of the principal Act is amended by deleting subsection (2) and substituting the following subsections:“(2) An amendment (whether in its original form or altered or supplemented under subsection (3)) shall not come into force unless the written notice referred to in subsection (1) is given at least 21 days before the amendment is made.
(2A)
Notwithstanding subsection (2), the Authority may, on the application of a securities exchange or futures exchange, allow an amendment to come into force before the expiry of the period of 21 days referred to in that subsection.”.