Singapore legislation
Clause 143
Clause 143
Exercise of certain powers in relation to securities
(1)
This section shall apply where the Authority considers that —
it may be necessary to prohibit dealing in securities of, or made available by, a corporation under section 23;
a person may have contravened any of the provisions of Part XII in relation to securities of, or made available by, a corporation; or
a person may have contravened any of the provisions of Division 4 of Part IV of the Companies Act (Cap. 50) or Division 2 of Part VII in relation to securities in a corporation.
(2)
The Authority may require an officer of a corporation referred to in subsection (1) to disclose to the Authority any information of which he is aware and which may have affected any dealing that has taken place, or which may affect any dealing that may take place, in securities of, or made available by, the corporation.
(3)
Where the Authority believes on reasonable grounds that a person is capable of giving information concerning any of the following matters:
any dealing in securities of, or made available by, a corporation referred to in subsection (1);
any advice given, or any report or analysis issued or published concerning such securities, by the holder of a capital markets services licence to deal in securities, or a representative of such a holder;
the financial position of any business carried on by a person who is or has been (either alone or together with another person or other persons) the holder of a capital markets services licence to deal in securities and who has dealt in or given advice or issued or published a report or an analysis concerning such securities;
the financial position of any business carried on by a nominee controlled by a person referred to in paragraph (c) or jointly controlled by 2 or more persons at least one of whom is a person referred to in that paragraph; or
an audit of, or any report of an auditor concerning, any book of the holder of a capital markets services licence to deal in securities, being a book relating to dealings in such securities,the Authority may require the person to disclose to the Authority the information that the person has about that matter.