Clause 26
Amendment of section 123
of Securities and Futures (Amendment) Bill
BillNot in forceProvision 26 of 97
Clause 26
Section 123(2) of the principal Act is amended by deleting paragraph (aa) and substituting the following paragraph:“(aa)specify, in the context of the granting of an unsecured advance, unsecured loan or unsecured credit facility by the holder of a capital markets services licence —
(i)
what constitutes any such unsecured advance, unsecured loan or unsecured credit facility; and
(ii)
the requirements and restrictions relating to any such grant;”.