Singapore legislation

Section 294

of Securities and Futures Act 2001

Section 294

Service

Amended by44/201844/201835/201444/2018

(1)

Where a collective investment scheme —

(a)

is authorised under section 286 and constituted as a unit trust, any document relating to the scheme is sufficiently served if served on the responsible person for the scheme at the responsible person’s last known address;

(aa)is authorised under section 286 and constituted as a VCC or sub‑fund, any document relating to the scheme is sufficiently served if served on the VCC in accordance with section 149 of the Variable Capital Companies Act 2018; or

(b)

is recognised under section 287, any document relating to the scheme is sufficiently served if served on the responsible person for the scheme or the representative for the scheme at the person’s last known address.

Amended by44/2018

(1A)

To avoid doubt, a reference in subsection (1) to service of any document relating to the scheme includes the service of any process in relation to the scheme.

(2)

Any notice or direction to be given or served by the Authority on —

(a)

in a case where a collective investment scheme is constituted as a corporation — the corporation;

(b)

in a case where a collective investment scheme is constituted as a VCC or a sub‑fund — the VCC;

(c)

the manager for a collective investment scheme;

(d)

the trustee or custodian for a collective investment scheme; or

(e)

the representative for a collective investment scheme,is for all purposes regarded as duly given or served if it has been delivered or sent by post or by fax to such person at the person’s last known address.

Amended by44/2018

(3)

In the case of a corporation, the last known address referred to in subsections (1) and (2) is —

(a)

if it is a company or VCC incorporated in Singapore, the address of its registered office in Singapore; or

(b)

if it is a foreign company, the address of its registered office in Singapore or the registered address of its authorised representative, referred to in section 366(1) of the Companies Act 1967, or, if it does not maintain a place of business in Singapore, its registered office in the place of its incorporation.

Amended by35/201444/2018