No. S 397
Securities Industry Act
(Chapter 289)
Securities Industry (Amendment) Regulations 1999
In exercise of the powers conferred by sections 2 (2) and 118 of the Securities Industry Act, the Monetary Authority of Singapore hereby makes the following Regulations:
Citation and commencement
1.  These Regulations may be cited as the Securities Industry (Amendment) Regulations 1999 and shall come into operation on 15th September 1999.
Amendment of regulation 37A
2.  Regulation 37A of the Securities Industry Regulations (Rg 1) is amended —
(a)by deleting the words “Section 98(3)” in paragraph (1) and substituting the words “Sections 97 and 98”;
(b)by deleting the words “and traded at a price in a currency other than the Singapore dollar” in paragraph (2)(b);
(c)by inserting, immediately after the word “over-allotment” in the 2nd line of paragraph (2)(c), the word “option”;
(d)by deleting sub-paragraph (e) of paragraph (2) and substituting the following sub-paragraph:
(e)a public announcement has been made through the Exchange not later than the day immediately following the closing date of the initial public offer of securities on the total number of securities which is the subject of the over-allotment option in accordance with the prospectus.”;
(e)by deleting the words “will be” in the 4th line of paragraph (5) and substituting the words “may be”;
(f)by inserting, immediately after paragraph (8), the following paragraph:
(8A)  Paragraph (8) shall not prohibit —
(a)the stabilising manager; or
(b)an associate of the stabilising manager, in the associate’s capacity as a dealer,
from executing any sell order for a person who is not an associate of the issuer.”; and
(g)by inserting, immediately after paragraph (14), the following paragraph:
(15)  For the purposes of this regulation, whether a person is an associate of another person shall be ascertained in accordance with section 4(4) of the Act.”.

Made this 7th day of September 1999.

Managing Director,
Monetary Authority of Singapore.
[FSG/CFD/014/99; AG/LEG/SL/289/98/1 Vol. 1]