Singapore legislation
Clause 10
Clause 10
Amendment of section 46K
Section 46K(1) of the principal Act is amended by deleting paragraphs (b) and (c) and substituting the following paragraphs:“(b)the carrying on by the licensed trade repository of any business (called in this section a proscribed business) other than such business or such class of businesses prescribed by regulations made under section 46ZJ;
(c)
the acquisition by the licensed trade repository of a substantial shareholding in any corporation (called in this section a proscribed corporation) that carries on any business other than such business or such class of businesses prescribed by regulations made under section 46ZJ;”.