Skip to content
laws.sgby aturio
In forceAs enacted

Subsidiary Legislation

Securities and Futures (Securities Industry Council and Take-over Offers) (Transitional Provisions) Regulations 2001

Feedback & support

The text

reg 1Citation and commencement

These Regulations may be cited as the Securities and Futures (Securities Industry Council and Take-over Offers) (Transitional Provisions) Regulations 2001 and shall come into operation on 1st January 2002.

reg 2Transitional provisions for Part VIII of Act

Notwithstanding the provisions of the Act, Part VIII of the Act and the Take-over Code shall not apply to a take-over offer or any matter connected therewith if —

(a)

the take-over offer was made;

(b)

the notice referred to in the repealed section 213(4) of the Companies Act (Cap. 50) was given; or

(c)

an announcement of the take-over offer was made to the public by, or on behalf of, the person making the take-over offer, at any time before 1st January 2002, and sections 213 and 214 of, and the Tenth Schedule to, the Companies Act (Cap. 50), and the Singapore Code on Take-Overs and Mergers referred to in section 213(18) of the Companies Act in force immediately before that date, shall continue to apply to that take-over offer or matter.