Singapore legislation

Schedule “SECOND SCHEDULE

Registered business trusts to which Part 8A does not apply

Sections 52F(1) and 113Registered business trusts to which Part 8A does not apply

1. Part 8A does not apply to any of the following registered business trusts:

(a)

a registered business trust all or any of the units of which are listed for quotation on the official list of an approved exchange in Singapore and to which Division 2 of Part 7 of the Securities and Futures Act 2001 applies;

(b)

a registered business trust, all the units of which are wholly‑owned by the Government;

(c)

a registered business trust all the units of which are wholly‑owned by a statutory body established by or under a public Act for a public purpose;

(d)

a registered business trust all the units of which are wholly‑owned by the trustee‑manager of a registered business trust mentioned in sub‑paragraph (a), (b) or (c), on behalf of the registered business trust mentioned in sub‑paragraph (a), (b) or (c), as the case may be;

(e)

a registered business trust all or any of the units of which are listed on a securities exchange in a country or jurisdiction outside Singapore and where the trustee‑manager of the registered business trust or the registered business trust is subject to —

(i)

regulatory disclosure requirements in relation to the registered business trust; and

(ii)

requirements relating to adequate transparency in respect of the registered business trust’s controllers (as defined in section 52G),imposed through stock exchange rules, law or other enforceable means.

Read in full context — Business Trusts (Amendment) Bill →