Section 247 Investments and Securities Act

Section 247 of the Investments and Securities Act 2025 is about Form, standardisation and contents of warehouse receipt. It is under Part XV (Commodities Exchange and Warehouse Receipts) of the Act. It provides as follows:

(1) A warehouse receipt shall be in the prescribed form and comply with standardisation rules, and have such content as prescribed in the rules and regulations made by the Commission under this Act.

(2) The issuer of a warehouse receipt shall be liable to the person who suffers loss as a result of false or inaccurate information contained in a warehouse receipt, or for omission of any term required to be included in the warehouse receipt under this Act.