On 20/06/2013,
you requested for the version in force on 20/06/2013
incorporating all amendments published on or before 20/06/2013.
The closest version currently available is that of 30/06/2005.
3.
—(1) The Authority hereby exempts Hong Leong Finance Limited (referred to in this paragraph as the finance company) from —
(a)
section 23(1)(b) of the Act in respect of the business of entering into or offering to enter into, or facilitating the entering into by a person of, a contract or an arrangement the effect of which is to enable a business customer of the finance company to hedge, cover or change the amount of a liability or an entitlement —
(i)
from one foreign currency to another foreign currency or to Singapore dollars; or
(ii)
from Singapore dollars to a foreign currency; and
(b)
section 25(2) of the Act in respect of —
(i)
the business of underwriting the issue or sale of shares for any company which is currently listed, or which intends to be listed, on a securities exchange approved by the Authority under section 9 of the Securities and Futures Act (Cap. 289);
(ii)
the business of an insurance agent in respect of insurance policies relating to general business as defined in section 2(1)(b) of the Insurance Act (Cap. 142);
(iii)
the business of an insurance agent in respect of long-term accident and health policies as defined in paragraph 4D of the First Schedule to the Insurance Act; and
(iv)
the business of providing the type of financial advisory service specified in paragraph 4 of the Second Schedule to the Financial Advisers Act (Cap. 110).
(2) The exemption of the finance company under sub-paragraph (1) shall be subject to such conditions and restrictions as the Authority may specify in writing to the finance company.