Section 29
Section 150a of the principal Act is amended—
of Securities Commission (Amendment) Act 2011
(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”.