Regulation 2

in the definitions of “approved bond intermediary”, “break cost”, “financial institution”, “financial sector incentive (bond market) company”, “financial sector incentive (capital market) company”, “financial sector incentive (standard tier) company”, “prepayment fee”, “qualifying debt securities” and “redemption premium”, replace “break cost” with “early redemption fee”;

in the definitions of “approved bond intermediary”, “early redemption fee”, “financial institution”, “financial sector incentive (bond market) company”, “financial sector incentive (capital market) company”, “financial sector incentive (standard tier) company”, “prepayment fee”, “qualifying debt securities” and “redemption premium” (as amended by paragraph (a)), delete “ “prepayment fee”,”; and

after the definition of “Singapore-based issuer”, insert —“ “specified licensed entity” means any of the following persons:

a bank or merchant bank licensed under the Banking Act 1970;

a finance company licensed under the Finance Companies Act 1967;

a person who holds a capital markets services licence under the Securities and Futures Act 2001 to carry on a business in any of the following regulated activities:

advising on corporate finance;

dealing in capital markets products;”.