Singapore legislation
Regulation 4
of Securities and Futures (Classes of Investors) Regulations 2018
Regulation 4
Persons prescribed for purposes of definition of “institutional investor”
Subregulation 1
The statutory boards set out in the Second Schedule are prescribed for the purposes of section 4A(1)(c)(ii) of the Act.
Subregulation 2
The multilateral agencies, international organisations and supranational agencies set out in the Third Schedule are prescribed for the purposes of section 4A(1)(c)(viii) of the Act.
Subregulation 3
The following persons are prescribed for the purposes of section 4A(1)(c)(xxvii) of the Act:
a designated market‑maker;
a headquarters company or Finance and Treasury Centre which carries on a class of business involving fund management, where such business has been approved as a qualifying service in relation to that headquarters company or Finance and Treasury Centre under section 43E(2)(a) or 43G(2)(a) of the Income Tax Act (Cap. 134);
a person who undertakes fund management activity (whether in Singapore or elsewhere) on behalf of not more than 30 qualified investors;
a Service Company which carries on business as an agent of a member of Lloyd’s;
a corporation the entire share capital of which is owned by an institutional investor or by persons all of whom are institutional investors; (f)a partnership (other than a limited liability partnership within the meaning of the Limited Liability Partnerships Act (Cap. 163A)) in which each partner is an institutional investor.
Subregulation 4
In paragraph (3) —
Definition
“agent”, in relation to a member of Lloyd’s, “Lloyd’s”, “member of Lloyd’s” and “Service Company” have the meanings given by regulation 2 of the Insurance (Lloyd’s Asia Scheme) Regulations (Cap. 142, Rg 9);
Definition
“designated market‑maker”, “Finance and Treasury Centre” and “headquarters company” have the meanings given by paragraph 1 of the Second Schedule to the Securities and Futures (Licensing and Conduct of Business) Regulations;
Definition
“qualified investor” has the meaning given by paragraph 5(3) of the Second Schedule to the Securities and Futures (Licensing and Conduct of Business) Regulations.