Singapore legislation

Clause 72

of Securities and Futures (Amendment) Bill

Clause 72

Amendment of section 273

Section 273(1) of the principal Act is amended —

(a)

by deleting paragraph (d) and substituting the following paragraph:“(d)it is an offer of shares or debentures (not being such excluded shares or excluded debentures as may be prescribed by the Authority) that have been previously issued, are listed for quotation or quoted on a securities exchange, and are traded on the exchange;”;

(b)

by inserting, immediately after the word “debentures” in the 1st line of paragraph (e), the words “(not being such excluded units of shares or debentures as may be prescribed by the Authority)”; and

(c)

by deleting sub-paragraph (i) of paragraph (e) and substituting the following sub-paragraph:“(i)the units of shares or debentures have been previously issued, are listed for quotation or quoted on a securities exchange, and are traded on the exchange; or”.

Read in full context — Securities and Futures (Amendment) Bill →