Singapore legislation

Regulation 4

of Securities and Futures (Offers of Investments) (Shares and Debentures) (Transitional and Savings Provisions) Regulations 2005

Regulation 4

Exempted offers under old law

The old law shall apply as if the new law had not been enacted, in relation to an offer of securities that —

(a)

is made before the appointed date and has not closed by that date; or

(b)

is made at any time within the period of 2 months beginning with that date and closes before or on the last day of that period,if the offer —

(i)

is one to which Subdivision (2) and (in the case of an offer of debentures) Subdivision (3) of Division 1 of Part XIII of the principal Act would (but for this regulation) apply; but(ii)is one that was or could have been exempted from Subdivisions (2) and (3) of Division 1 of Part XIII of the original Act by virtue of any provision of Subdivision (4) of Division 1 of Part XIII of the original Act.

Read in full context — Securities and Futures (Offers of Investments) (Shares and Debentures) (Transitional and Savings Provisions) Regulations 2005 →