Regulation 1
Citation and commencement
These Regulations may be cited as the Securities and Futures (Exemption of Phillip Financial Pte Ltd and Phillip Securities Pte Ltd) Regulations 2004 and shall come into operation on 9th July 2004.
/akn/sg/act/sub_leg/2001/SFA-S416-2004
Securities and Futures (Exemption of Phillip Financial Pte Ltd and Phillip Securities Pte Ltd) Regulations 2004
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- Type
- Subsidiary Legislation
- Status
- In force
- Enacted
- 2001
- Sections
- 2
Quick answer
About this subsidiary legislation
Securities and Futures (Exemption of Phillip Financial Pte Ltd and Phillip Securities Pte Ltd) Regulations 2004 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation SFA-S416-2004 2001, currently marked in force and first recorded in 2001.
Regulation 2
Exemption
Subregulation 1
Phillip Financial 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, 2004 Ed.) 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 9th July 2004 to Phillip Financial Pte Ltd.
Subregulation 2
Phillip Securities Pte Ltd shall be exempted from regulation 45(3) and (4) of the Securities and Futures (Licensing and Conduct of Business) Regulations (Rg 10, 2004 Ed.) 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 9th July 2004 to Phillip Securities 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 9th July 2004 to Phillip Financial Pte Ltd and Phillip Securities Pte Ltd, relating to the financing by Phillip Financial Pte Ltd and Phillip Securities Pte Ltd of the payment of the exercise price of any stock option granted under any employee stock option scheme which falls under the scope of the arrangement.
Common questions
- What is Securities and Futures (Exemption of Phillip Financial Pte Ltd and Phillip Securities Pte Ltd) Regulations 2004?
- Securities and Futures (Exemption of Phillip Financial Pte Ltd and Phillip Securities Pte Ltd) Regulations 2004 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation SFA-S416-2004 2001, currently marked in force and first recorded in 2001.
- Is Securities and Futures (Exemption of Phillip Financial Pte Ltd and Phillip Securities Pte Ltd) Regulations 2004 still in force?
- Yes — Securities and Futures (Exemption of Phillip Financial Pte Ltd and Phillip Securities Pte Ltd) Regulations 2004 is currently in force.
- When did Securities and Futures (Exemption of Phillip Financial Pte Ltd and Phillip Securities Pte Ltd) Regulations 2004 take effect?
- Securities and Futures (Exemption of Phillip Financial Pte Ltd and Phillip Securities Pte Ltd) Regulations 2004 was first recorded in 2001.
- How many regulations does Securities and Futures (Exemption of Phillip Financial Pte Ltd and Phillip Securities Pte Ltd) Regulations 2004 have?
- Securities and Futures (Exemption of Phillip Financial Pte Ltd and Phillip Securities Pte Ltd) Regulations 2004 contains 2 regulations.
- Where can I read the official version of Securities and Futures (Exemption of Phillip Financial Pte Ltd and Phillip Securities Pte Ltd) Regulations 2004?
- The official text of Securities and Futures (Exemption of Phillip Financial Pte Ltd and Phillip Securities Pte Ltd) Regulations 2004 is published at sso.agc.gov.sg.