Singapore legislation

Clause 130

of Securities and Futures (Amendment) Bill

Clause 130

Amendment of section 246

Section 246 of the principal Act is amended —

(a)

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

(b)

by deleting sub‑paragraph (i) of subsection (1)(a) and substituting the following sub‑paragraphs:“(i)identification of the person making the offer;

(ia)where the person making the offer is not the issuer, identification of the issuer and, where applicable, the underlying entity;

(ib)in the case of an offer of securities or securities‑based derivatives contracts being units or derivatives of units in a business trust, identification of the business trust, the trustee‑manager of the business trust and the issuer;”.

Read in full context — Securities and Futures (Amendment) Bill →