Singapore legislation

Regulation 2

of Securities and Futures (Prescribed Securities) Regulations 2026

Regulation 2

Prescribed securities

Subregulation 1

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 —

(a)

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

(d)

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

Subregulation 2

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

(a)

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

(b)

entitles the holder of the instrument to receive —

(i)

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

(ii)

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

Read in full context — Securities and Futures (Prescribed Securities) Regulations 2026 →