Clause 16
Amendment of section 99
of Securities and Futures (Amendment No. 2) Bill
BillNot in forceProvision 16 of 113
Clause 16
Section 99 of the principal Act is amended —
(a)
by deleting paragraph (e) of subsection (1);
(b)
by deleting paragraph (f) of subsection (1) and substituting the following paragraph:“(f) any securities exchange, futures exchange, recognised market operator or approved holding company in respect of any regulated activity that is solely incidental to its operation of a securities market or futures market or to its performance as an approved holding company, as the case may be;”;
(c)
by deleting subsections (2) and (3); and
(d)
by deleting the words “any provision of this Act which is applicable to it or” in subsection (5).