Securities Commission (Amendment) Act 2011 · s 29

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s 29Amendment of section 150a

Section 150a of the principal Act is amended—

(a)

by substituting for subsection (4) the following subsection:

“(4) The oral evidence referred to in subsection (1)

shall be admissible as prima facie evidence if a person authorised by the foreign supervisory authority—

(a)

records the oral evidence whether in writing, by means of audio or visual recording or a combination of both, affirms in an affidavit that the oral evidence so recorded was recorded from a person acquainted with the circumstances of the case and the recording of the oral evidence was made in accordance with the laws enforced or administered by the foreign supervisory authority; or

(b)

obtains an affidavit which is affirmed by a person acquainted with the circumstances of the case.”; and

(b)

in subsection (5), by inserting after the word “sworn”

the words “or affirmed”.