Securities and Futures (Prescribed Securities) Regulations 2026

These Regulations are the Securities and Futures (Prescribed Securities) Regulations 2026 and come into operation on 29 June 2026.

For the purposes of paragraph (c) of the definition of “securities” in section 2(1) of the Act, “securities” includes a depositary receipt where the underlying securities are —

shares; (b)units in a business trust; (c)any instrument conferring or representing a legal or beneficial ownership interest in a corporation, partnership or limited liability partnership; or

depositary receipts the underlying securities of which are any securities mentioned in sub‑paragraph (a), (b) or (c).

In this regulation, “depositary receipt” means an instrument that —

confers or represents a right to exchange the instrument for any underlying securities under a trust, contractual arrangement or otherwise; and

entitles the holder of the instrument to receive —

all or substantially all of the interest, dividends or other distributions that are paid or made in relation to the underlying securities; and

any other financial benefits conferred on the holder of the underlying securities, whether in cash or otherwise.

For the purposes of paragraph (c) of the definition of “securities” in section 2(1) of the Act, “securities” includes a depositary receipt where the underlying securities are —

shares; (b)units in a business trust; (c)any instrument conferring or representing a legal or beneficial ownership interest in a corporation, partnership or limited liability partnership; or

depositary receipts the underlying securities of which are any securities mentioned in sub‑paragraph (a), (b) or (c).

In this regulation, “depositary receipt” means an instrument that —

confers or represents a right to exchange the instrument for any underlying securities under a trust, contractual arrangement or otherwise; and

entitles the holder of the instrument to receive —

all or substantially all of the interest, dividends or other distributions that are paid or made in relation to the underlying securities; and

any other financial benefits conferred on the holder of the underlying securities, whether in cash or otherwise.