Companies (Prescribed Arrangements) (Amendment) Regulations 2017

Status:

Published in Subsidiary Legislation Supplement
on 31 Oct 2017

No. S 629

Companies Act

(CHAPTER 50)

Companies
(Prescribed Arrangements)
(Amendment) Regulations 2017

In exercise of the powers conferred by section 411 of the Companies Act, the Minister for Finance makes the following Regulations:

Citation and commencement

1. These Regulations are the Companies (Prescribed Arrangements) (Amendment) Regulations 2017 and come into operation on 1 November 2017.

Amendment of regulation 2

2. Regulation 2 of the Companies (Prescribed Arrangements) Regulations 2017 (G.N. No. S 246/2017) is amended by deleting the definitions of “spot contract” and “underlying thing” and substituting the following definitions:

“ “spot contract” means a contract or an arrangement for the sale or purchase of any currency or commodity at the spot price, where it is intended for a party to the contract or arrangement to take delivery of the currency or commodity immediately or within a period which must not be longer than the period determined by the market convention for delivery of the currency or commodity;

“underlying thing” means —

(a)	a unit in a collective investment scheme;
(b)	a commodity;
(c)	a financial instrument;
(d)	the price of transporting goods as freight or of hiring vessels for the purpose of transporting goods;
(e)	the credit of any person;
(f)	a numerical indicator, model or statistic relating to weather;
(g)	a numerical indicator, model or statistic relating to the emission of pollutants;
(h)	real property; or
(i)	a numerical indicator, model or statistic that is a measure of economic performance or economic conditions;”.

Made on 31 October 2017.

TAN CHING YEE

Permanent Secretary,
Ministry of Finance,
Singapore.

[LAW 43/002/054; AG/LEGIS/SL/50/2015/14 Vol. 1]

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