Regulation 1
Citation and commencement
These Regulations may be cited as the Securities and Futures (ESOS Financing Scheme) (Exemption) Regulations 2005 and shall come into operation on 29th April 2005.
/akn/sg/act/sub_leg/2001/SFA-S275-2005
Securities and Futures (ESOS Financing Scheme) (Exemption) Regulations 2005
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- Type
- Subsidiary Legislation
- Status
- In force
- Enacted
- 2001
- Sections
- 2
Quick answer
About this subsidiary legislation
Securities and Futures (ESOS Financing Scheme) (Exemption) Regulations 2005 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation SFA-S275-2005 2001, currently marked in force and first recorded in 2001.
Regulation 2
Exemption
Subregulation 1
Trans-Pacific Credit Pte Ltd shall be exempted from regulation 24(1) and (2) of the Securities and Futures (Financial and Margin Requirements for Holders of Capital Markets Services Licences) Regulations (Rg 13) in relation to any of its activities for the purposes of the ESOS Financing Scheme, subject to the conditions and restrictions specified by the Authority in its letter dated 29th April 2005 to Trans-Pacific Credit Pte Ltd.
Subregulation 2
UOB Kay Hian Pte Ltd shall be exempted from regulation 45(3) and (4) of the Securities and Futures (Licensing and Conduct of Business) Regulations (Rg 10) in relation to any of its activities for the purposes of the ESOS Financing Scheme, subject to the conditions and restrictions specified by the Authority in its letter dated 29th April 2005 to UOB Kay Hian Pte Ltd.
Subregulation 3
In this regulation, “ESOS Financing Scheme” means the arrangement, which is approved by the Authority by way of a letter dated 29th April 2005 to Trans-Pacific Credit Pte Ltd and UOB Kay Hian Pte Ltd, relating to —
(a)
the financing by Trans-Pacific Credit Pte Ltd of the payment of the exercise price of any stock option granted under any employee stock option scheme; and
(b)
the securities lending by UOB Kay Hian Pte Ltd,which falls under the scope of the arrangement.
Common questions
- What is Securities and Futures (ESOS Financing Scheme) (Exemption) Regulations 2005?
- Securities and Futures (ESOS Financing Scheme) (Exemption) Regulations 2005 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation SFA-S275-2005 2001, currently marked in force and first recorded in 2001.
- Is Securities and Futures (ESOS Financing Scheme) (Exemption) Regulations 2005 still in force?
- Yes — Securities and Futures (ESOS Financing Scheme) (Exemption) Regulations 2005 is currently in force.
- When did Securities and Futures (ESOS Financing Scheme) (Exemption) Regulations 2005 take effect?
- Securities and Futures (ESOS Financing Scheme) (Exemption) Regulations 2005 was first recorded in 2001.
- How many regulations does Securities and Futures (ESOS Financing Scheme) (Exemption) Regulations 2005 have?
- Securities and Futures (ESOS Financing Scheme) (Exemption) Regulations 2005 contains 2 regulations.
- Where can I read the official version of Securities and Futures (ESOS Financing Scheme) (Exemption) Regulations 2005?
- The official text of Securities and Futures (ESOS Financing Scheme) (Exemption) Regulations 2005 is published at sso.agc.gov.sg.