Section 5
Section 24 of the principal Act is amended—
of Securities Commission (Amendment) Act 2011
(a)
by substituting for subsection (2) the following subsection:
“(2) In the case of every derivative effected on a derivatives market of a derivative exchange, both persons on each side of the order in relation to the derivative shall be liable to pay to the Commission a levy of such amount as may be specified by order of the Minister to be published in the Gazette; and different amounts may be specified in respect of different types or classes of derivatives or different classes or categories of persons in respect of derivatives.”;
(b)
in subsection (2a), by substituting for the words “futures contract” the word “derivative”; and
(c)
by deleting subsection (6).
Amendment of section 31a