No. S 179
Securities and Futures Act
(Chapter 289)
Securities and Futures (Offers of Investments) (Collective Investment Schemes) (Amendment) Regulations 2010
In exercise of the powers conferred by sections 295A and 341 of the Securities and Futures Act, the Monetary Authority of Singapore hereby makes the following Regulations:
Citation and commencement
1.  These Regulations may be cited as the Securities and Futures (Offers of Investments) (Collective Investment Schemes) (Amendment) Regulations 2010 and shall come into operation on 29th March 2010.
New Part IVA
2.  The Securities and Futures (Offers of Investments) (Collective Investment Schemes) Regulations 2005 (G.N. No. S 602/2005) are amended by inserting, immediately after Part IV, the following Part:
“PART IVA
PRESCRIBED MANNER OF NOTICE UNDER SECTION 295A
Prescribed manner of notice
32A.—(1)  For the purposes of section 295A(1) of the Act, a notice given by a transferee to a dissenting participant of the subject trust that the transferee desires to acquire his units shall be in Form 7, and shall —
(a)be delivered to the dissenting participant personally; or
(b)be left at or sent by prepaid post to the address of the dissenting participant shown in the register of participants in the subject trust referred to in regulation 7(1)(e).
(2)  For the purposes of section 295A(4)(a) of the Act, a notice given by a transferee to a participant of the subject trust who has not assented to the arrangement or contract shall be in Form 8, and shall —
(a)be delivered to the participant personally; or
(b)be left at or sent by prepaid post to the address of the participant shown in the register of participants in the subject trust referred to in regulation 7(1)(e).”.
[G.N. Nos. S 740/2005; S 420/2009]

Made this 23rd day of March 2010.

HENG SWEE KEAT
Managing Director,
Monetary Authority of Singapore.
[CMD/MCP/03/2009; AG/LLRD/SL/289/2010/3 Vol. 1]
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