Singapore legislation
Clause 138
Clause 138
Amendment of section 257
Section 257 of the principal Act is amended —
(a)
by deleting paragraph (a) of subsection (1) and substituting the following paragraph:“(a)an entity allots or agrees to allot to any person any securities or securities‑based derivatives contracts of the entity or a business trust, as the case may be, with a view to all or any of them being subsequently offered for sale to another person; and”; and
(b)
by inserting, immediately after the word “securities” wherever it appears in subsections (2), (3) and (5) and in the section heading, the words “or securities‑based derivatives contracts”.