Regulation 3
Amendment of regulation 3
Subsidiary LegislationIn forceProvision 3 of 3
Regulation 3
In the Securities and Futures (Offers of Investments) (Exemption for Depositary Receipts) Regulations 2023, in regulation 3 —
(a)
in paragraph (b), replace sub‑paragraph (ii) with —“(ii)where the underlying securities are other depositary receipts —
(A)
the issuer of those other depositary receipts; or
(B)
the issuer of the shares or units in a business trust that are the underlying securities of those other depositary receipts; and”; and
(b)
in paragraph (c), replace “depository” wherever it appears with “depositary”.