Singapore legislation

Clause 78

of Securities and Futures (Amendment) Bill

Clause 78

Amendment of section 282C

Section 282C of the principal Act is amended —

(a)

by inserting, immediately after the words “registered business trust” in subsection (1)(a), the words “or recognised business trust”;

(b)

by deleting the words “between the 14th and 21st days (both days inclusive)” in the 2nd line of subsection (10) and substituting the words “within the period prescribed by the Authority”;

(c)

by deleting the words “the 14th day from the date of lodgment of the prospectus or profile statement with the Authority” in subsection (11) and substituting the words “such day from the date of lodgment of the prospectus or profile statement with the Authority as the Authority may prescribe”; and

(d)

by inserting, immediately after subsection (11), the following subsection:“(11A) For the purposes of subsections (10) and (11), the Authority may prescribe the same period and day for all offers or different periods and days for different offers.”.

Clause 78 — Securities and Futures (Amendment) Bill