Singapore legislation

Clause 107

of Securities and Futures (Amendment No. 2) Bill

Clause 107

Amendment of Second Schedule

Part II of the Second Schedule to the principal Act is amended by deleting the definition of “advising on corporate finance” and substituting the following definition:“ “advising on corporate finance” means giving advice —

(a)

to any person (whether as principal or agent, or as trustee of a trust) concerning compliance with or in respect of laws or regulatory requirements (including the listing rules of a securities exchange) relating to the raising of funds by any entity, trustee of a trust on behalf of the trust or responsible person of a collective investment scheme on behalf of the collective investment scheme; (b)to a person making an offer —

(i)

to subscribe for or purchase securities; or (ii)to sell or otherwise dispose of securities, concerning that offer;

(c)

concerning the arrangement, reconstruction or take-over of a corporation or any of its assets or liabilities; or

(d)

concerning the take-over of a business trust or any of its assets or liabilities held by the trustee-manager on behalf of the business trust.”.

Read in full context — Securities and Futures (Amendment No. 2) Bill →