Clause 10
Amendment of section 87A
of Securities and Futures (Amendment No. 2) Bill
BillNot in forceProvision 10 of 113
Clause 10
Section 87A of the principal Act is amended —
(a)
by deleting the words “to carry on business in” in subsection (1) and substituting the words “in respect of”; and
(b)
by deleting subsection (2) and substituting the following subsection:“(2) The Authority may require an applicant to furnish it with such information or documents as the Authority considers necessary in relation to the application.”.