20. The Securities Industry Act (Cap. 289) is amended —
(a)
by deleting the words “or bonds” in paragraph (a) ofthe definition of “securities” in section 2(1) and substituting the words “, bonds or notes”;
(b)
by deleting the words “or option” in paragraph (c) ofthe definition of “securities” in section 2(1) and substituting the words “, option or derivative”;
(c)
by deleting the word “or” at the end of paragraph (c) ofthe definition of “securities” in section 2(1) and, by inserting immediately thereafter the following paragraph:
“(ca)
any right under a contract for differences or under any other contract the purpose or pretended purpose of which is to secure a profit or avoid a loss by reference to fluctuations in —
(i)
the value or price of any such debentures, stocks, shares, bonds or notes;
(ii)
the value or price of any group of any such debentures, stocks, shares, bonds or notes; or
(iii)
an index of any such debentures, stocks, shares, bonds or notes; or”;
(d)
by deleting subsection (3) of section 16;
(e)
by inserting, immediately after the words “exchange or” in the 3rd line of section 88(3), the words “against any member or employee”;
(f)
by inserting, immediately after the words “exchange or” in the 2nd line of section 95(3), the words “against any member or employee of”;
(g)
by deleting the words “A body” in the 1st line of section 106(2) and substituting the words “Except with the approval of the Authority, a body”;
(h)
by deleting the word “member” in the following provisions and substituting in each case the words “member company”:
Sections 19(2) (3rd and 5th lines), (3) (4th line) and (4) (3rd, 4th and 5th lines), 21(5) (6th and 7th lines), 49(5)(a) (1st and 5th lines), 52(4) (2nd line) and 70(1) (14th line); and
(i)
by deleting the word “members” in the following provisions and substituting in each case the words “member companies”:
“Sections 2(1) (definition of “rules”) (3rd line), 10(3) (4th line), 16(2) (a) and (b) (ii) (2nd line), (iv) and (v) and 17(2)(a)(A) and (B).”.