Clause 14
Amendment of section 48
of Securities and Futures (Amendment) Bill
BillNot in forceProvision 14 of 213
Clause 14
Section 48 of the principal Act is amended by deleting paragraphs (c) and (d) of the definition of “property” and substituting the following paragraphs:“(c)any unit in a collective investment scheme;
(d)
any derivatives contract; or
(e)
any other asset of value acceptable to an approved clearing house or a recognised clearing house;”.