Singapore legislation

Clause 16

of Securities and Futures (Amendment) Bill

Clause 16

Amendment of section 95

Section 95(2) of the principal Act is amended —

(a)

by inserting, immediately after paragraph (b), the following paragraph:“(ba)the Authority has reason to believe that the holder has not acted in the best interests of the holder’s subscribers or customers;”; and

(b)

by inserting, immediately after paragraph (d), the following paragraph:“(da)it appears to the Authority that the holder has failed to satisfy any of its obligations under or arising from —

(i)

this Act; or

(ii)

any written direction issued by the Authority under this Act;”.

Read in full context — Securities and Futures (Amendment) Bill →