196A. Interpretation of this Division

Terms defined in s 2

• business trust

  business trust

  Defined · s 2

  “business trust” has the meaning given by section 2 of the Business Trusts Act 2004;

  Open s 2
• corporation

  corporation

  Defined · s 2

  “corporation” has the meaning given by section 4(1) of the Companies Act 1967;

  Open s 2
• debenture

  debenture

  Defined · s 2

  “debenture” includes —(a)any debenture stock, bond, note and any other debt securities issued by or proposed to be issued by a corporation or any other entity, whether constituting a charge or not, on the assets of the issuer;(b)any debenture stock, bond, note and any other debt securities issued by or proposed to be issued by a trustee‑manager of a business trust in its capacity as trustee‑manager of the business trust, or a trustee of a real estate investment trust in its capacity as trustee of the real estate investment trust, whether constituting a charge or not, on the assets of the business trust or real estate investment trust; or(c)such other product or class of products as the Authority may prescribe,but does not include —(d)a cheque, letter of credit, order for the payment of money or bill of exchange; or(e)for the purposes of the application of this definition to a provision of this Act in respect of which any regulations made under that provision provide that the word “debenture” does not include a prescribed document or a document included in a prescribed class of documents, that document or a document included in that class of documents, as the case may be;

  Open s 2
• manager

  manager

  Defined · s 2

  “manager”, in relation to a collective investment scheme, means a person, by whatever name called, who is responsible for managing the property of, or operating, the collective investment scheme;

  Open s 2
• securities

  securities

  Defined · s 2

  “securities” means —(a)shares, units in a business trust or any instrument conferring or representing a legal or beneficial ownership interest in a corporation, partnership or limited liability partnership;(b)debentures; or(c)any other product or class of products as may be prescribed,but does not include —(d)any unit of a collective investment scheme;(e)any bill of exchange;(f)any certificate of deposit issued by a bank or finance company, whether situated in Singapore or elsewhere; or(g)such other product or class of products as may be prescribed;

  Open s 2
• securities‑based derivatives contract

  securities‑based derivatives contract

  Defined · s 2

  “securities‑based derivatives contract” means any derivatives contract of which the underlying thing or any of the underlying things is a security or a securities index, but does not include any derivatives contract that is, or that belongs to a class of derivatives contracts that is, prescribed by regulations made under section 341;

  Open s 2
• underlying thing

  underlying thing

  Defined · s 2

  “underlying thing” means —(a)in relation to a derivatives contract or a spot contract —(i)a unit in a collective investment scheme;(ii)a commodity;(iii)a financial instrument;(iv)the credit of any person; or(v)an arrangement, event, index, intangible property, tangible property or transaction that is, or that belongs to a class of arrangements, events, indices, intangible properties, tangible properties or transactions that is, prescribed by regulations made under section 341 to be an underlying thing in relation to a derivatives contract or a spot contract,but does not include any arrangement, event, index, intangible property, tangible property or transaction that is, or that belongs to a class of arrangements, events, indices, intangible properties, tangible properties or transactions that is, prescribed by regulations made under section 341 not to be an underlying thing in relation to a derivatives contract or a spot contract; and(b)in relation to a financial benchmark —(i)an investment product as defined in section 2(1) of the Financial Advisers Act 2001;(ii)a commodity;(iii)a financial instrument;(iv)any intangible property or class of intangible properties; or(v)any arrangement, event or transaction that is, or that belongs to a class of arrangements, events or transactions that is, prescribed by regulations made under section 341 to be an underlying thing in relation to a financial benchmark,but does not include any arrangement, event, intangible property or transaction that is, or that belongs to a class of arrangements, events, intangible properties or transactions that is, prescribed by regulations made under section 341 not to be an underlying thing in relation to a financial benchmark;

  Open s 2