Clause 128

by inserting, immediately after the word “securities” wherever it appears in subsections (1), (2), (5), (7) and (8), the words “or securities‑based derivatives contracts”;

by deleting subsection (3) and substituting the following subsection:“(3) Despite subsections (1) and (2), the Authority must not serve a stop order if any of the securities or securities‑based derivatives contracts to which the prospectus or profile statement relates has been issued or sold, and listed for quotation on an approved exchange and trading in them has commenced.”;

by deleting the words “issuer or, where applicable, the underlying entity” in subsection (4)(a) and substituting the words “issuer or the trustee‑manager of the business trust or, where applicable, the underlying entity or the business trust”; and

by deleting paragraph (b) of subsection (4) and substituting the following paragraph:“(b)a receiver, a receiver and manager or an equivalent person has been appointed, whether in Singapore or elsewhere, in relation to or in respect of —

any property of the person making the offer (being an entity), the issuer or, where applicable, the underlying entity;

any property of the trustee‑manager of the business trust; or

the trust property of the business trust.”.