Regulation 2

made by a Singapore swap counterparty to an issuer of Singapore dollar debt securities who is not resident in Singapore;

that is not derived through any operation carried on by the issuer through the issuer’s permanent establishment in Singapore; and

that is liable to be made —

under a contract for a cross currency swap transaction, where the contract takes effect on a date that falls within the period from 3 March 1999 to 31 December 2026 (both dates inclusive) (called in this sub‑paragraph the relevant period); (ii)under a contract for a cross currency swap transaction that is extended or renewed, where —

the extension or renewal of the contract takes effect on a date that falls within the relevant period; and

the payment is made on or after the date on which such extension or renewal takes effect; or

under a contract for a cross currency swap transaction that is varied, where —

the variation of the contract takes effect on a date that falls within the period from 4 November 2022 to 31 December 2026 (both dates inclusive); and (B)the payment is made on or after the date on which such variation takes effect.

under a contract for a cross currency swap transaction mentioned in sub-paragraph (1)(c)(i), (ii) and (iii), that is varied with effect from a date on or after 1 January 2027; and (b)on or after the date on which such variation takes effect.