Singapore legislation
Regulation 2
of Securities and Futures (Offers of Investments) (Exemption for Depositary Receipts) Regulations 2023
Regulation 2
Definitions
Subregulation 1
In these Regulations —[Deleted by S 478/2026 wef 03/07/2026](2) [Deleted by S 478/2026 wef 03/07/2026]
Definition
“depositary receipt” means a depositary receipt that is prescribed as “securities” under the Securities and Futures (Prescribed Securities) Regulations 2026 (G.N. No. S 424/2026);
Definition
“rights issue depositary receipt” means a depositary receipt that is offered —
in connection with a rights issue undertaken by —
the issuer of any underlying securities; or
where the underlying securities are other depositary receipts, the issuer of the shares or units in a business trust that are the underlying securities of those other depositary receipts; and
to any existing holder of a depositary receipt where the underlying securities of the depositary receipt —
have been previously issued by the issuer of the underlying securities of the rights issue depositary receipt; and
are listed for quotation on a specified exchange;
Definition
“specified exchange” means —
a corporation declared by the Authority to be a recognised securities exchange in the Securities and Futures (Recognised Securities Exchange) Order 2018 (G.N. No. S 643/2018);
the Stock Exchange of Thailand; or
the Indonesia Stock Exchange.