Regulation 1
Citation
These Regulations may be cited as the Securities and Futures (Market Conduct) (Exemption for Stabilising Action in respect of Dealings in Notes) Regulations.
/akn/sg/act/sub_leg/2001/SFA-RG17
Securities and Futures (Market Conduct) (Exemption for Stabilising Action in respect of Dealings in Notes) Regulations
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- Type
- Subsidiary Legislation
- Status
- In force
- Enacted
- 2001
- Sections
- 3
Quick answer
About this subsidiary legislation
Securities and Futures (Market Conduct) (Exemption for Stabilising Action in respect of Dealings in Notes) Regulations is Singapore Subsidiary Legislation, cited as Subsidiary Legislation SFA-RG17 2001, currently marked in force and first recorded in 2001.
Regulation 2
Definitions
In these Regulations, unless the context otherwise requires —“Notes” means the Exchangeable Notes due January 2009 issued by Somerset Global Corporation Limited, which are guaranteed by Temasek Holdings (Private) Limited and are exchangeable into ordinary shares in Singapore Telecommunications Limited;“stabilising action” means an action taken in Singapore or elsewhere by Merrill Lynch (Singapore) Pte. Ltd., or any of its related corporations, to buy, or to offer or agree to buy any of the Notes in order to stabilise or maintain the market price of the Notes in Singapore or elsewhere.
Definition
“Notes” means the Exchangeable Notes due January 2009 issued by Somerset Global Corporation Limited, which are guaranteed by Temasek Holdings (Private) Limited and are exchangeable into ordinary shares in Singapore Telecommunications Limited;
Definition
“stabilising action” means an action taken in Singapore or elsewhere by Merrill Lynch (Singapore) Pte. Ltd., or any of its related corporations, to buy, or to offer or agree to buy any of the Notes in order to stabilise or maintain the market price of the Notes in Singapore or elsewhere.
Regulation 3
Exemption
Amended byG. N. No. S 16/2004
Subregulation 1
Subject to paragraph (2), sections 197 and 198 of the Act shall not apply to any stabilising action carried out in respect of any of the Notes with —
(a)
a person referred to in section 274 of the Act; or
(b)
a sophisticated investor as defined in section 275(2) of the Act.
Subregulation 2
Amended byG. N. No. S 16/2004
Paragraph (1) shall not apply to any stabilising action carried out at any time after the expiry of the period of 30 calendar days from the date of the issuance of the Notes.
Common questions
- What is Securities and Futures (Market Conduct) (Exemption for Stabilising Action in respect of Dealings in Notes) Regulations?
- Securities and Futures (Market Conduct) (Exemption for Stabilising Action in respect of Dealings in Notes) Regulations is Singapore Subsidiary Legislation, cited as Subsidiary Legislation SFA-RG17 2001, currently marked in force and first recorded in 2001.
- Is Securities and Futures (Market Conduct) (Exemption for Stabilising Action in respect of Dealings in Notes) Regulations still in force?
- Yes — Securities and Futures (Market Conduct) (Exemption for Stabilising Action in respect of Dealings in Notes) Regulations is currently in force.
- When did Securities and Futures (Market Conduct) (Exemption for Stabilising Action in respect of Dealings in Notes) Regulations take effect?
- Securities and Futures (Market Conduct) (Exemption for Stabilising Action in respect of Dealings in Notes) Regulations was first recorded in 2001.
- How many regulations does Securities and Futures (Market Conduct) (Exemption for Stabilising Action in respect of Dealings in Notes) Regulations have?
- Securities and Futures (Market Conduct) (Exemption for Stabilising Action in respect of Dealings in Notes) Regulations contains 3 regulations.
- Where can I read the official version of Securities and Futures (Market Conduct) (Exemption for Stabilising Action in respect of Dealings in Notes) Regulations?
- The official text of Securities and Futures (Market Conduct) (Exemption for Stabilising Action in respect of Dealings in Notes) Regulations is published at sso.agc.gov.sg.