Definitions
2.  In these Regulations —
“approved trustee company” means a trustee company which is approved by the Minister or such person as he may appoint under section 43J of the Act;
“foreign bond or loan stock issues” means any bond or loan stock issued by a person not resident in Singapore (but excluding its permanent establishment in Singapore) or by a permanent establishment outside Singapore of a person resident in Singapore in respect of any business carried on outside Singapore through that permanent establishment, where —
(a)the bond or loan stock is denominated in currencies other than Singapore dollars;
(b)the proceeds of the bond or loan stock issue are to be used outside Singapore; and
(c)the expenses incurred in respect of the bond or loan stock issue are not borne, directly or indirectly, by a person resident in Singapore or a permanent establishment in Singapore;
“unit trust” means any trust established for the purpose, or having the effect, of providing facilities for the participation by persons as beneficiaries under a trust, in profits or income arising from the acquisition, holding, management or disposal of securities or any other property.