Regulation 1
Citation and commencement
This Order may be cited as the Telecommunications (Prescribed Transactions) Order 2012 and shall come into operation on 1st February 2012.
/akn/sg/act/sub_leg/1999/TA-S34-2012
Telecommunications (Prescribed Transactions) Order 2012
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- Type
- Subsidiary Legislation
- Status
- In force
- Enacted
- 1999
- Sections
- 4
Quick answer
About this subsidiary legislation
Telecommunications (Prescribed Transactions) Order 2012 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation TA-S34-2012 1999, currently marked in force and first recorded in 1999.
Regulation 2
Prescribed transaction in relation to designated telecommunication licensee
For the purposes of section 32B(9), (10) and (11) of the Act, a transaction is a prescribed transaction, if —
(a)
it results in the transfer of shares in a designated telecommunication licensee —
(i)
from any person to a corporation, any shares in which are owned or any voting power in which is controlled by that person, without any change in the percentage of the voting power in the designated telecommunication licensee controlled by that person;
(ii)
from a corporation to any shareholder of the corporation, without any change in the percentage of the voting power in the designated telecommunication licensee controlled by that shareholder;
(iii)
from a corporation to its wholly owned subsidiary, or to a corporation from its wholly owned subsidiary, whether or not the subsidiary is a direct subsidiary of the corporation; or
(iv)
from one corporation, any shares in which are owned or any voting power in which is controlled by any person, to another corporation, any shares in which are owned or any voting power in which is controlled by that person, without any change in the percentage of the voting power in the designated telecommunication licensee controlled by that person; or
(b)
it does not change the percentage of the voting power in the designated telecommunication licensee controlled by every person who controlled any voting power in the designated telecommunication licensee immediately before the transaction.
Regulation 3
Prescribed transaction in relation to designated business trust
For the purposes of section 32B(9), (10) and (12) of the Act, a transaction is a prescribed transaction, if —
(a)
it results in the transfer of units in a designated business trust —
(i)
from any person to a corporation, any shares in which are owned or any voting power in which is controlled by that person, without any change in the percentage of the voting power in the designated business trust controlled by that person;
(ii)
from a corporation to any shareholder of the corporation, without any change in the percentage of the voting power in the designated business trust controlled by that shareholder;
(iii)
from a corporation to its wholly owned subsidiary, or to a corporation from its wholly owned subsidiary, whether or not the subsidiary is a direct subsidiary of the corporation; or
(iv)
from one corporation, any shares in which are owned or any voting power in which is controlled by any person, to another corporation, any shares in which are owned or any voting power in which is controlled by that person, without any change in the percentage of the voting power in the designated business trust controlled by that person; or
(b)
it does not change the percentage of the voting power in the designated business trust controlled by every person who controlled any voting power in the designated business trust immediately before the transaction.
Regulation 4
Prescribed transaction in relation to designated trust
For the purposes of section 32B(9), (10) and (13) of the Act, a transaction is a prescribed transaction, if —
(a)
it results in the transfer of equity interests in a designated trust —
(i)
from any person to a corporation, any shares in which are owned or any voting power in which is controlled by that person, without any change in the percentage of the voting power in the designated trust controlled by that person;
(ii)
from a corporation to any shareholder of the corporation, without any change in the percentage of the voting power in the designated trust controlled by that shareholder;
(iii)
from a corporation to its wholly owned subsidiary, or to a corporation from its wholly owned subsidiary, whether or not the subsidiary is a direct subsidiary of the corporation; or
(iv)
from one corporation, any shares in which are owned or any voting power in which is controlled by any person, to another corporation, any shares in which are owned or any voting power in which is controlled by that person, without any change in the percentage of the voting power in the designated trust controlled by that person; or
(b)
it does not change the percentage of the voting power in the designated trust controlled by every person who controlled any voting power in the designated trust immediately before the transaction.
Common questions
- What is Telecommunications (Prescribed Transactions) Order 2012?
- Telecommunications (Prescribed Transactions) Order 2012 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation TA-S34-2012 1999, currently marked in force and first recorded in 1999.
- Is Telecommunications (Prescribed Transactions) Order 2012 still in force?
- Yes — Telecommunications (Prescribed Transactions) Order 2012 is currently in force.
- When did Telecommunications (Prescribed Transactions) Order 2012 take effect?
- Telecommunications (Prescribed Transactions) Order 2012 was first recorded in 1999.
- How many regulations does Telecommunications (Prescribed Transactions) Order 2012 have?
- Telecommunications (Prescribed Transactions) Order 2012 contains 4 regulations.
- Where can I read the official version of Telecommunications (Prescribed Transactions) Order 2012?
- The official text of Telecommunications (Prescribed Transactions) Order 2012 is published at sso.agc.gov.sg.