Singapore legislation

Clause 203

of Securities and Futures Bill

Clause 203

Continuous disclosure

(1)

This section shall apply to —

(a)

a corporation which is admitted to the official list of a securities exchange; or

(b)

a responsible person of a collective investment scheme the units of which are quoted on a securities exchange,if the corporation or responsible person is required by the listing rules of the securities exchange to notify the securities exchange of information on specified events or matters as they occur or arise for the purpose of the securities exchange making that information available to a securities market operated by the securities exchange.

(2)

The corporation or responsible person must not intentionally, recklessly or negligently fail to notify the securities exchange of such information as is required to be disclosed under the listing rules of the securities exchange.

(3)

Notwithstanding section 204, a contravention of subsection (2) shall not be an offence unless the failure to notify is intentional or reckless.

(4)

For the purposes of this section, “responsible person” has the same meaning as in Division 2 of Part XIII.

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