Singapore legislation

Clause 4

of Securities Industry (Amendment) Bill

Clause 4

Amendment of section 21

Section 21 of the principal Act is amended —

(a)

by inserting, immediately after the word “issue” in the 2nd line of subsection (1) and in the marginal note thereto, the word “written”;

(b)

by inserting, immediately before the word “direction” wherever it appears in subsections (1) (last line), (2) (2nd line), (3) and (5) (penultimate line), the word “written”; and

(c)

by inserting, immediately after subsection (2), the following subsection:“(2A) For the avoidance of doubt, a written direction issued under subsection (1) shall be deemed not to be subsidiary legislation.”.