Singapore legislation
Regulation 4
Regulation 4
Prescribed limit on equity investments, etc.
Subregulation 1
For the purposes of section 30(1) of the Act, the amount of equity investment in a single company which a predominantly banking DFHC may acquire or hold must not exceed in the aggregate 2% of the eligible total capital of the FHC group of the predominantly banking DFHC.
Subregulation 2
When calculating the amount of equity investment in a single company which a predominantly banking DFHC may acquire or hold for the purposes of compliance with section 30(1) of the Act, any relevant equity investment that is acquired or held by any bank within the FHC group of the predominantly banking DFHC is excluded, during the specified period, from the calculation.
Subregulation 3
In this regulation —
Definition
“relevant equity investment” means any equity investment in a single company acquired or held by any bank when acting as a stabilising bank in relation to an offer of securities issued by the company in the circumstances specified in regulation 6B(1)(a) and (b) of the Banking Regulations (Rg 5);
Definition
“specified period” and “stabilising bank” have the meanings given by regulation 6B(2) of the Banking Regulations.