Singapore legislation

Clause 20

of Securities and Futures (Amendment) Bill

Clause 20

Amendment of section 86

Section 86 of the principal Act is amended —

(a)

by deleting the words “or renewal” in subsections (4) (2nd line), (5) and (6);

(b)

by deleting the word “or” at the end of subsection (4)(m);

(c)

by deleting the words “or renew” in subsection (4)(n);

(d)

by deleting the full-stop at the end of paragraph (n) of subsection (4) and substituting the word “; or”, and by inserting immediately thereafter the following paragraph: “(o)a prohibition order under section 101A has been made by the Authority, and remains in force, against the applicant.”; and

(e)

by deleting the full-stop at the end of paragraph (c) of subsection (6) and substituting a semi-colon, and by inserting immediately thereafter the following paragraph:“(d)a prohibition order under section 101A has been made by the Authority, and remains in force, against the applicant.”.

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