Singapore legislation

Clause 59

of Securities and Futures (Amendment) Bill

Clause 59

Amendment of section 234

Section 234 of the principal Act is amended ––

(a)

by inserting, immediately after the words “or contracts” in subsection (1)(b)(i) and (ii), the words “or arrangements”; and

(b)

by inserting, immediately after the words “loss suffered by the claimant,” in subsection (2), the words “after deducting any amount of compensation paid or payable to the same claimant in respect of the same contravention under an order of court or an agreement to pay by any defendant, defendant corporation or defendant partnership under Division 5 or under an order for disgorgement under section 236L,”.

Clause 59 — Securities and Futures (Amendment) Bill