Singapore legislation

Clause 138

of Securities and Futures (Amendment) Bill

Clause 138

Amendment of section 257

Section 257 of the principal Act is amended —

(a)

by deleting paragraph (a) of subsection (1) and substituting the following paragraph:“(a)an entity allots or agrees to allot to any person any securities or securities‑based derivatives contracts of the entity or a business trust, as the case may be, with a view to all or any of them being subsequently offered for sale to another person; and”; and

(b)

by inserting, immediately after the word “securities” wherever it appears in subsections (2), (3) and (5) and in the section heading, the words “or securities‑based derivatives contracts”.

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