Regulation 1
Citation and commencement
These Regulations are the Securities and Futures (Offers of Investments) (Shares) (Exemption for Units of Shares) Regulations 2017 and come into operation on 29 June 2017.
/akn/sg/act/sub_leg/2001/SFA-S330-2017
Securities and Futures (Offers of Investments) (Shares) (Exemption for Units of Shares) Regulations 2017
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- Type
- Subsidiary Legislation
- Status
- In force
- Enacted
- 2001
- Sections
- 2
Quick answer
About this subsidiary legislation
Securities and Futures (Offers of Investments) (Shares) (Exemption for Units of Shares) Regulations 2017 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation SFA-S330-2017 2001, currently marked in force and first recorded in 2001.
Regulation 2
Exemption
Subregulation 1
Subject to the conditions in paragraph (2), Subdivision (2) of Division 1 of Part XIII of the Act does not apply to an offer of units of shares in NetLink NBN Management Pte. Ltd. that, by reason of the terms of the Deed of Trust constituting Singapore NBN Trust dated 21 February 2017, is made when an offer of units in the NetLink NBN Trust is made.
Subregulation 2
The conditions mentioned in paragraph (1) are —
(a)
no share in NetLink NBN Management Pte. Ltd. must be listed or traded on a securities exchange;
(b)
the number of shares in NetLink NBN Management Pte. Ltd. that is beneficially owned by a unitholder of NetLink NBN Trust must be determined by the formula:where A is the number of units in NetLink NBN Trust owned by that unitholder, excluding any option or similar right or interest to acquire any unit in NetLink NBN Trust;B is the total number of issued units (excluding treasury units) in NetLink NBN Trust; andC is the total number of issued shares (excluding treasury shares) in NetLink NBN Management Pte. Ltd.;
(c)
any interest in a share in NetLink NBN Management Pte. Ltd. that is held by a unitholder of NetLink NBN Trust must not be disposed or transferred in a manner other than by the disposal or transfer of the unitholder’s units in NetLink NBN Trust;
(d)
every share in NetLink NBN Management Pte. Ltd. must carry equal rights and entitlements; and
(e)
any notice, circular, material, advertisement, publication or other document, including an offer information statement under section 282ZB of the Act, that —
(i)
is issued for the purpose of making an offer of units in NetLink NBN Trust; or
(ii)
describes the offer mentioned in sub‑paragraph (i),must disclose the corresponding offer of units of shares in NetLink NBN Management Pte. Ltd.
Common questions
- What is Securities and Futures (Offers of Investments) (Shares) (Exemption for Units of Shares) Regulations 2017?
- Securities and Futures (Offers of Investments) (Shares) (Exemption for Units of Shares) Regulations 2017 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation SFA-S330-2017 2001, currently marked in force and first recorded in 2001.
- Is Securities and Futures (Offers of Investments) (Shares) (Exemption for Units of Shares) Regulations 2017 still in force?
- Yes — Securities and Futures (Offers of Investments) (Shares) (Exemption for Units of Shares) Regulations 2017 is currently in force.
- When did Securities and Futures (Offers of Investments) (Shares) (Exemption for Units of Shares) Regulations 2017 take effect?
- Securities and Futures (Offers of Investments) (Shares) (Exemption for Units of Shares) Regulations 2017 was first recorded in 2001.
- How many regulations does Securities and Futures (Offers of Investments) (Shares) (Exemption for Units of Shares) Regulations 2017 have?
- Securities and Futures (Offers of Investments) (Shares) (Exemption for Units of Shares) Regulations 2017 contains 2 regulations.
- Where can I read the official version of Securities and Futures (Offers of Investments) (Shares) (Exemption for Units of Shares) Regulations 2017?
- The official text of Securities and Futures (Offers of Investments) (Shares) (Exemption for Units of Shares) Regulations 2017 is published at sso.agc.gov.sg.