Singapore legislation
Regulation 2
of Securities and Futures (Collective Investment Scheme) (Excluded Arrangements) Notification 2018
Regulation 2
Excluded arrangements
Subregulation 1
For the purposes of paragraph (xii) of the definition of “collective investment scheme” in section 2(1) of the Act, each of the following arrangements is not a collective investment scheme:
(a)
a securitisation transaction;
(b)
an arrangement that consists only of an issuance of structured notes.
Subregulation 2
In this paragraph —
Definition
“securitisation transaction” has the meaning given by section 262(3) of the Act;
Definition
“structured notes” has the meaning given by section 240AA(5) of the Act.