No. S 629
Companies Act
(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.
Permanent Secretary,
Ministry of Finance,
[LAW 43/002/054; AG/LEGIS/SL/50/2015/14 Vol. 1]