Singapore legislation
Regulation 2
of Securities and Futures (Offers of Investments) (Collective Investment Schemes) Regulations 2005
Regulation 2
Definitions
Subregulation 1
In these Regulations, unless the context otherwise requires —[Deleted by S 420/2009 wef 01/10/2009][Deleted by S 469/2012 wef 01/10/2012](2) In the Seventh Schedule, “latest practicable date” means a date which is the latest practicable in the context of the applicable requirement in these Regulations and which is no earlier than 7 days prior to the date of lodgment of the offer information statement with the Authority.(3) Any word or expression used in these Regulations which is defined in section 283 of the Act shall, unless the context otherwise requires, have the same meaning as in that section.
Definition
“approved trustee” means a public company approved by the Authority under section 289(1) of the Act to act as a trustee for collective investment schemes;
Definition
“custodian”, in relation to a collective investment scheme whether or not constituted as a VCC or sub‑fund of an umbrella VCC, means an entity to which the assets of the collective investment scheme are entrusted for safekeeping;
Definition
“information memorandum” has the same meaning as in section 305(5) of the Act;
Definition
“key executive” means an individual —
who is employed in an executive capacity by the manager for a collective investment scheme; and
who makes, has the capacity to make, or participates in making, decisions that affect the whole or a substantial part of the management of the collective investment scheme;
Definition
“language of the prospectus” has the same meaning as in section 287(13B) of the Act;
Definition
“non‑umbrella VCC” has the meaning given by section 2(1) of the Variable Capital Companies Act 2018;
Definition
“restricted foreign scheme” means a restricted scheme constituted outside Singapore which is in the list of restricted schemes maintained by the Authority under the Sixth Schedule;
Definition
“restricted real estate investment trust” means a restricted scheme —
that is a trust;
that invests primarily in real estate and real estate related assets specified by the Authority in the Code on Collective Investment Schemes; and
that has all or any of its units listed for quotation on an approved exchange, or for which an application to an approved exchange to list such units has been submitted and the application has not been withdrawn, or rejected by the approved exchange;
Definition
“restricted scheme” means a collective investment scheme mentioned in section 305(1) or (2) of the Act;
Definition
“restricted Singapore scheme” means a restricted scheme constituted in Singapore which is in the list of restricted schemes maintained by the Authority under the Sixth Schedule;
Definition
“sub‑fund”, in relation to an umbrella fund, means a collective investment scheme that is part of the umbrella fund;
Definition
“umbrella fund” means an entity (including an umbrella VCC) or a trust, the constitution (or other equivalent document) or the trust deed (as the case may be) of which provides that it consists, or is to consist, of 2 or more sub‑funds, or words to that effect;
Definition
“umbrella VCC” and “VCC” have the meanings given by section 2(1) of the Variable Capital Companies Act 2018.