Singapore legislation

Clause 214

of Securities and Futures Bill

Clause 214

Interpretation of this Division

In this Division —“information” includes —

(a)

matters of supposition and other matters that are insufficiently definite to warrant being made known to the public;

(b)

matters relating to the intentions, or the likely intentions, of a person;

(c)

matters relating to negotiations or proposals with respect to —

(i)

commercial dealings; or

(ii)

dealing in securities;

(d)

information relating to the financial performance of a corporation or otherwise;

(e)

information that a person proposes to enter into, or had previously entered into one or more transactions or agreements in relation to securities or has prepared or proposes to issue a statement relating to such securities; and

(f)

matters relating to the future;“purchase”, in relation to securities, includes, in the case of an option contract under which a party acquires an option or right from another party, acquiring the option or right under the contract, or taking an assignment of the option or right, whether or not on another’s behalf;“securities” means —

(a)

debentures or stocks issued or proposed to be issued by a government;

(b)

debentures, stocks or shares issued or proposed to be issued by a corporation or body unincorporate;

(c)

any right, option or derivative in respect of any such debentures, stocks or shares;

(d)

any right under a contract for differences or under any other contract the purpose or pretended purpose of which is to secure a profit or avoid a loss by reference to fluctuations in —

(i)

the value or price of any such debentures, stocks or shares;

(ii)

the value or price of any group of any such debentures, stocks or shares;

(iii)

an index of any such debentures, stocks, shares, bonds or notes;

(e)

any unit in a collective investment scheme as defined in section 283;

(f)

a futures contract only if the commodity which is the subject of the futures contract is a share, share index, stock or stock index, but does not include —

(i)

bills of exchange;

(ii)

promissory notes; or

(iii)

certificates of deposit issued by a bank or finance company;“sell”, in relation to securities, includes, in the case of an option contract under which a party acquires an option or right from another party —

(a)

grant or assign the option or right; or

(b)

take, or cause to be taken, such action as releases the option or right,whether or not on another’s behalf.

Definition

“information” includes —

(a)

matters of supposition and other matters that are insufficiently definite to warrant being made known to the public;

(b)

matters relating to the intentions, or the likely intentions, of a person;

(c)

matters relating to negotiations or proposals with respect to —

(i)

commercial dealings; or

(ii)

dealing in securities;

(d)

information relating to the financial performance of a corporation or otherwise;

(e)

(f)

matters relating to the future;

Definition

“purchase”, in relation to securities, includes, in the case of an option contract under which a party acquires an option or right from another party, acquiring the option or right under the contract, or taking an assignment of the option or right, whether or not on another’s behalf;

Definition

“securities” means —

(a)

debentures or stocks issued or proposed to be issued by a government;

(b)

debentures, stocks or shares issued or proposed to be issued by a corporation or body unincorporate;

(c)

any right, option or derivative in respect of any such debentures, stocks or shares;

(d)

any right under a contract for differences or under any other contract the purpose or pretended purpose of which is to secure a profit or avoid a loss by reference to fluctuations in —

(i)

the value or price of any such debentures, stocks or shares;

(ii)

the value or price of any group of any such debentures, stocks or shares;

(iii)

an index of any such debentures, stocks, shares, bonds or notes;

(e)

any unit in a collective investment scheme as defined in section 283;

(f)

a futures contract only if the commodity which is the subject of the futures contract is a share, share index, stock or stock index, but does not include —

(i)

bills of exchange;

(ii)

promissory notes; or

(iii)

certificates of deposit issued by a bank or finance company;

Definition

“sell”, in relation to securities, includes, in the case of an option contract under which a party acquires an option or right from another party —

(a)

grant or assign the option or right; or

(b)

take, or cause to be taken, such action as releases the option or right,whether or not on another’s behalf.

Read in full context — Securities and Futures Bill →