Singapore legislation

Regulation 23

of Securities and Futures (Central Depository System) Regulations 2015

Regulation 23

Security interests created by assignment to include all securities

Where any assignment of book‑entry securities is made in accordance with —

(a)

section 130N(2)(a) of the Companies Act (Cap. 50) in force immediately before 3 January 2016; or

(b)

section 81SS(2)(a) of the Act on or after 3 January 2016,the security interest so created is upon such assignment taking effect to include all book‑entry securities arising from or accruing or attaching to the book‑entry securities so assigned.