Singapore legislation

Section 302

of Securities and Futures Act 2001

Section 302

Application of provisions relating to securities and securities‑based derivatives contracts

Amended by4/20174/2017

(1)

Sections 247, 249, 249A, 252, 253, 254 and 255 apply, with the necessary modifications, in relation to an offer of units in a collective investment scheme as they apply in relation to an offer of securities or securities‑based derivatives contracts in Division 1 of this Part.

Amended by4/2017

(2)

For the purposes of subsection (1) —

(a)

references in those sections to securities or securities‑based derivatives contracts are to be read as references to units in a collective investment scheme; and

(b)

references in those sections to a person subscribing for, purchasing or acquiring securities or securities‑based derivatives contracts are to be read as a person subscribing for, purchasing or acquiring units in a collective investment scheme.

Amended by4/2017

(3)

For the purposes of subsection (1), any reference in sections 253 and 254 to an offer referred to in section 280 is to be read as a reference to an offer referred to in section 305C.

(4)

For the purposes of subsection (1), any reference in sections 249, 249A, 253 and 254 to the issuer is to be read as a reference to the responsible person.

Read in full context — Securities and Futures Act 2001 →