Regulation 1
Citation and commencement
These Regulations may be cited as the Securities and Futures (Offers of Investments) (Exemption for SMP Share Purchase Plan) Regulations 2006 and shall come into operation on 16th June 2006.
/akn/sg/act/sub_leg/2001/SFA-S344-2006
Securities and Futures (Offers of Investments) (Exemption for SMP Share Purchase Plan) Regulations 2006
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- Type
- Subsidiary Legislation
- Status
- In force
- Enacted
- 2001
- Sections
- 3
Quick answer
About this subsidiary legislation
Securities and Futures (Offers of Investments) (Exemption for SMP Share Purchase Plan) Regulations 2006 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation SFA-S344-2006 2001, currently marked in force and first recorded in 2001.
Regulation 2
Definition
In these Regulations, “SMP Share Purchase Plan” means the Chartered Semiconductor Manufacturing Ltd. Share Purchase Plan 2004 for employees of Silicon Manufacturing Partners Pte. Ltd.
Regulation 3
Exemption
Amended byS 632/2018 wef 08/10/2018S 632/2018 wef 08/10/2018S 632/2018 wef 08/10/2018
Subregulation 1
Amended byS 632/2018 wef 08/10/2018
Subject to paragraph (2), Chartered Semiconductor Manufacturing Ltd. is exempted from Subdivision (2) of Division 1 of Part XIII of the Act (other than section 257) in respect of its offer of securities or securities‑based derivatives contracts to the employees of Silicon Manufacturing Partners Pte. Ltd. under the SMP Share Purchase Plan.
Subregulation 2
Amended byS 632/2018 wef 08/10/2018S 632/2018 wef 08/10/2018
The exemption under paragraph (1) is subject to the following conditions:
(a)
no selling or promotional expenses are to be paid or incurred in connection with the offer other than those incurred for administrative or professional services, or by way of commission or fee for services rendered by —
(i)
a holder of a capital markets services licence to deal in capital markets products that are securities or securities‑based derivatives contracts; or
(ii)
an exempt person in respect of dealing in capital markets products that are securities or securities‑based derivatives contracts; and
(b)
Chartered Semiconductor Manufacturing Ltd. holds at least 49% of the shares in Silicon Manufacturing Partners Pte. Ltd.
Common questions
- What is Securities and Futures (Offers of Investments) (Exemption for SMP Share Purchase Plan) Regulations 2006?
- Securities and Futures (Offers of Investments) (Exemption for SMP Share Purchase Plan) Regulations 2006 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation SFA-S344-2006 2001, currently marked in force and first recorded in 2001.
- Is Securities and Futures (Offers of Investments) (Exemption for SMP Share Purchase Plan) Regulations 2006 still in force?
- Yes — Securities and Futures (Offers of Investments) (Exemption for SMP Share Purchase Plan) Regulations 2006 is currently in force.
- When did Securities and Futures (Offers of Investments) (Exemption for SMP Share Purchase Plan) Regulations 2006 take effect?
- Securities and Futures (Offers of Investments) (Exemption for SMP Share Purchase Plan) Regulations 2006 was first recorded in 2001.
- How many regulations does Securities and Futures (Offers of Investments) (Exemption for SMP Share Purchase Plan) Regulations 2006 have?
- Securities and Futures (Offers of Investments) (Exemption for SMP Share Purchase Plan) Regulations 2006 contains 3 regulations.
- Where can I read the official version of Securities and Futures (Offers of Investments) (Exemption for SMP Share Purchase Plan) Regulations 2006?
- The official text of Securities and Futures (Offers of Investments) (Exemption for SMP Share Purchase Plan) Regulations 2006 is published at sso.agc.gov.sg.