Securities and Futures (Exemption from Subdivisions (2) and (3) of Division 1 of Part XIII) (Amendment) Regulations 2021

Status:

Published in Subsidiary Legislation Supplement
on 30 Jun 2021

No. S 465

Securities and Futures Act

(CHAPTER 289)

Securities and Futures
(Exemption from Subdivisions (2) and (3) of
Division 1 of Part XIII) (Amendment)
Regulations 2021

In exercise of the powers conferred by section 337(1) of the Securities and Futures Act, the Monetary Authority of Singapore makes the following Regulations:

Citation and commencement

1. These Regulations are the Securities and Futures (Exemption from Subdivisions (2) and (3) of Division 1 of Part XIII) (Amendment) Regulations 2021 and come into operation on 1 July 2021.

Amendment of regulation 2

2. Regulation 2 of the Securities and Futures (Exemption from Subdivisions (2) and (3) of Division 1 of Part XIII) Regulations 2004 (G.N. No. S 619/2004) is amended by deleting the definition of “merchant bank” and substituting the following definition:

“ “merchant bank” means any merchant bank that holds a merchant bank licence, or is treated as having been granted a merchant bank licence, under the Banking Act;”.

Made on 29 June 2021.

RAVI MENON

Managing Director,
Monetary Authority of Singapore.

[CFC CFI SP/2021/02 PT2; AG/LEGIS/SL/289/2020/9 Vol. 1]

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