Clause 15
Amendment of section 74
of Securities Industry (Amendment) Bill
BillNot in forceProvision 15 of 26
Clause 15
Section 74 of the principal Act is amended by inserting, immediately after the definition of “ “fidelity fund” or “fund” ”, the following definition:“ “member company”, in relation to a securities exchange, means a company which is —
(a)
licensed by the Authority to carry on the business of dealing in securities; and
(b)
recognised as a member company by a securities exchange;”.