Multi-Level Marketing and Pyramid Selling (Excluded Schemes and Arrangements) (Amendment No. 2) Order 2002

Status:

Published in Subsidiary Legislation Supplement
on 30 Sep 2002

No. S 525

Multi-Level Marketing and Pyramid Selling (Prohibition) Act

(Chapter 190)

Multi-Level Marketing and Pyramid Selling (Excluded Schemes and Arrangements) (Amendment No. 2) Order 2002

In exercise of the powers conferred by section 2(2) of the Multi-Level Marketing and Pyramid Selling (Prohibition) Act, the Minister for Trade and Industry hereby makes the following Order:

Citation and commencement

1. This Order may be cited as the Multi-Level Marketing and Pyramid Selling (Excluded Schemes and Arrangements) (Amendment No. 2) Order 2002 and shall come into operation on 1st October 2002.

Amendment of paragraph 2

2. Paragraph 2(1) of the Multi-Level Marketing and Pyramid Selling (Excluded Schemes and Arrangements) Order (O 1, 2002 Ed.) is amended by deleting sub-paragraph (a) and substituting the following sub-paragraph:

“(a)

any scheme or arrangement comprising —

(i)	the provision of any financial advisory service; or
(ii)	insurance business,

or any class of such schemes or arrangements, so long as every person participating in the scheme or arrangement is registered, licensed, approved or otherwise so entitled to act under the Financial Advisers Act 2001 (Act 43 of 2001) or the Insurance Act (Cap. 142), as the case may be;”.

[G. N. No. S 338/2002]

Made this 27th day of September 2002.

HENG SWEE KEAT

Permanent Secretary,
Ministry of Trade and Industry,
Singapore.

[MTI 66/1-027; AG/LEG/SL/190/2000/1 Vol. 2]

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