Clause 83

by deleting paragraph (d) and substituting the following paragraph:“(d)it is an offer of units in a business trust (not being such excluded units in a business trust, or units in such excluded business trust, 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;”;

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

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