Singapore legislation

Regulation 30

of Securities and Futures (Central Depository System) Regulations 2015

Regulation 30

Savings and transitional provisions

Subregulation 1

Any act, matter or thing that was done under or for the purposes of any provision of the Companies (Central Depository System) Regulations (Cap. 50, Rg 2) in force immediately before 3 January 2016 is taken to have been done for the purposes of the corresponding provision under these Regulations.

Subregulation 2

Without prejudice to the generality of paragraph (1), on or after 3 January 2016 —

(a)

any notice given to the Depository or depository agent immediately before 3 January 2016 under regulation 12(3) of the Companies (Central Depository System) Regulations in force immediately before that date is to be treated as given under regulation 11(3);

(b)

any notice given to the Depository or depository agent immediately before 3 January 2016 under regulation 13(2) of the Companies (Central Depository System) Regulations in force immediately before that date is to be treated as given under regulation 12(2);

(c)

any statement issued by the Depository immediately before 3 January 2016 under regulation 17(1)(a) or (b) of the Companies (Central Depository System) Regulations in force immediately before that date is to be treated as being issued by the Depository under regulation 16(1)(a) or (b), as the case may be;

(d)

any report submitted by the Depository to the Authority immediately before 3 January 2016 under regulation 19(2) of the Companies (Central Depository System) Regulations in force immediately before that date is to be treated as submitted under regulation 18(2);

(e)

any application made to the Depository immediately before 3 January 2016 under regulation 20(1) of the Companies (Central Depository System) Regulations in force immediately before that date is to be treated as made under regulation 19(1);

(f)

any instrument lodged with the Depository immediately before 3 January 2016 under regulation 23 of the Companies (Central Depository System) Regulations in force immediately before that date is to be treated as given under regulation 20;

(g)

any auditor’s report lodged by the Depository with the Registrar of Companies and the Authority immediately before 3 January 2016 under regulation 25(1)(b) of the Companies (Central Depository System) Regulations in force immediately before that date is to be treated as lodged with the Authority under regulation 24(1)(b); (h)any application made to the Authority immediately before 3 January 2016 under regulation 25A(2) of the Companies (Central Depository System) Regulations in force immediately before that date is to be treated as made under regulation 25(2);

(i)

any approval or deemed approval of a depository fee by the Authority under regulation 25A of the Companies (Central Depository System) Regulations in force immediately before 3 January 2016, which approval or deemed approval is in force immediately before that date, is to be treated as an approval under regulation 25; and

(j)

any condition or restriction of approval imposed by the Authority immediately before 3 January 2016 under regulation 25A(8) of the Companies (Central Depository System) Regulations in force immediately before that date is to be treated as having been imposed by the Authority under regulation 25(8).

Read in full context — Securities and Futures (Central Depository System) Regulations 2015 →