Singapore legislation

Clause 74

of Securities and Futures (Amendment No. 2) Bill

Clause 74

Repeal and re-enactment of section 274

Section 274 of the principal Act is repealed and the following section substituted therefor:“Offer made to institutional investors

274. Subdivisions (2) and (3) of this Division (other than section 257) shall not apply to an offer of securities, whether or not they have been previously issued, made to an institutional investor.”.