Singapore legislation
Regulation 6
of Securities and Futures (Representatives) (Transitional and Savings Provisions) Regulations 2010
Regulation 6
Continuation and completion of proceedings
Subregulation 1
Where, on 26th November 2010, any matter relating to any licensed representative or licensed temporary representative was in the course of being heard or investigated by the Authority under section 95 of the Act in force immediately before that date, the Authority shall continue with the hearing or investigation as if that provision is still in force, and may make such order, ruling or direction as it could have made under the authority vested in it before that date.
Subregulation 2
If the representative is one who is deemed to be an appointed representative or a temporary representative under regulation 5, then —
a revocation of his licence by the Authority at the end of the hearing or investigation shall be treated as a revocation of his status as an appointed representative or a temporary representative under section 99M of the Act; and
a suspension of his licence for a specific period by the Authority at the end of the hearing or investigation shall be treated as a suspension of his status as an appointed representative or a temporary representative for that period under section 99M of the Act.
Subregulation 3
Except in a case referred to in paragraph (1), the Authority may take action under section 99M of the Act against a licensed representative or licensed temporary representative who is deemed to be an appointed representative or a temporary representative (as the case may be) under regulation 5, for anything occurring before 26th November 2010 that would have been a ground for it to take action under section 95(2) of the Act in force immediately before that date.