Securities and Futures Act |
Securities and Futures (Licensing and Conduct of Business) (Amendment No. 2) Regulations 2021 |
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Citation and commencement |
1. These Regulations are the Securities and Futures (Licensing and Conduct of Business) (Amendment No. 2) Regulations 2021 and come into operation on 1 July 2021. |
Amendment of regulation 16 |
2. Regulation 16(6) of the Securities and Futures (Licensing and Conduct of Business) Regulations (Rg 10) (called in these Regulations the principal Regulations) is amended by deleting paragraphs (a) and (b) of the definition of “specified financial institution” and substituting the following paragraphs:
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Amendment of regulation 17 |
3. Regulation 17(1) of the principal Regulations is amended by deleting sub‑paragraphs (a) and (b) and substituting the following sub‑paragraphs:
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Amendment of regulation 18A |
4. Regulation 18A of the principal Regulations is amended by deleting sub‑paragraphs (i) and (ii) of paragraph (a) and substituting the following sub‑paragraphs:
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Amendment of regulation 26 |
5. Regulation 26(6) of the principal Regulations is amended by deleting sub‑paragraphs (a) and (b) and substituting the following sub‑paragraphs:
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Amendment of regulation 27 |
6. Regulation 27(1) of the principal Regulations is amended by deleting sub‑paragraphs (a) and (b) and substituting the following sub‑paragraphs:
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Amendment of regulation 54 |
7. Regulation 54 of the principal Regulations is amended —
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Amendment of regulation 56 |
8. Regulation 56 of the principal Regulations is amended —
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Amendment of Second Schedule |
9. The Second Schedule to the principal Regulations is amended —
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Amendment of Fourth Schedule |
10. Paragraph 5 of the Fourth Schedule to the principal Regulations is amended by deleting the definition of “merchant bank” and substituting the following definition:
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Managing Director, Monetary Authority of Singapore. |
[CMI 02/2021; AG/LEGIS/SL/289/2020/5 Vol. 1] |