Securities and Futures (Offers of Investments) (Temporary Exemption from Sections 277(1)(c) and 305B(1)(b)) (Amendment) Regulations 2021

Status:

Published in Subsidiary Legislation Supplement
on 28 Jun 2021

No. S 405

Securities and Futures Act

(CHAPTER 289)

Securities and Futures
(Offers of Investments) (Temporary Exemption
from Sections 277(1)(c) and 305B(1)(b))
(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 (Offers of Investments) (Temporary Exemption from Sections 277(1)(c) and 305B(1)(b)) (Amendment) Regulations 2021 and come into operation on 29 June 2021.

Deletion of regulation 2

2. Regulation 2 of the Securities and Futures (Offers of Investments) (Temporary Exemption from Sections 277(1)(c) and 305B(1)(b)) Regulations 2020 (G.N. No. S 366/2020) (called in these Regulations the principal Regulations) is deleted.

Amendment of regulation 3

3. Regulation 3(1) of the principal Regulations is amended by deleting the words “made within the relevant period (whether by means of a rights issue or otherwise)” and substituting the words “, whether by means of a rights issue or otherwise,”.

Amendment of regulation 4

4. Regulation 4(1) of the principal Regulations is amended by deleting the words “made within the relevant period”.

[G.N. No. S 817/2020]

Made on 26 June 2021.

RAVI MENON

Managing Director,
Monetary Authority of Singapore.

[CFC CFI SHS/2021/03 PT 4; AG/LEGIS/SL/289/2020/8 Vol. 1]

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