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Securities and Futures (Market Conduct) (Exemption for Stabilising Action in respect of Dealings in Bonds) (No. 13) Regulations 2004

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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 Bonds) (No. 13) Regulations 2004 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation SFA-S433-2004 2001, currently marked in force and first recorded in 2001.

Regulation 1

Citation and commencement

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These Regulations may be cited as the Securities and Futures (Market Conduct) (Exemption for Stabilising Action in respect of Dealings in Bonds) (No. 13) Regulations 2004 and shall come into operation on 16th July 2004.

Regulation 2

Definitions

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Amended byS 471/2004 wef 05/08/2004

In these Regulations, unless the context otherwise requires —“Bonds” means the US$ fixed rate bonds issued by LG-Caltex Oil Corporation in August 2004 for a principal amount of up to US$500 million; “stabilising action” means an action taken in Singapore or elsewhere by Banc of America Securities LLC, Citigroup Global Markets Inc., Deutsche Bank Securities Inc., or any of their related corporations, to buy, or to offer or agree to buy, any of the Bonds in order to stabilise or maintain the market price of the Bonds in Singapore or elsewhere.

Definition

“Bonds” means the US$ fixed rate bonds issued by LG-Caltex Oil Corporation in August 2004 for a principal amount of up to US$500 million;

Amended byS 471/2004 wef 05/08/2004
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Definition

“stabilising action” means an action taken in Singapore or elsewhere by Banc of America Securities LLC, Citigroup Global Markets Inc., Deutsche Bank Securities Inc., or any of their related corporations, to buy, or to offer or agree to buy, any of the Bonds in order to stabilise or maintain the market price of the Bonds in Singapore or elsewhere.

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Regulation 3

Exemption

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Sections 197 and 198 of the Act shall not apply to any stabilising action taken in respect of any of the Bonds, within 30 days from the date of issue of the Bonds, 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.

Common questions

What is Securities and Futures (Market Conduct) (Exemption for Stabilising Action in respect of Dealings in Bonds) (No. 13) Regulations 2004?
Securities and Futures (Market Conduct) (Exemption for Stabilising Action in respect of Dealings in Bonds) (No. 13) Regulations 2004 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation SFA-S433-2004 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 Bonds) (No. 13) Regulations 2004 still in force?
Yes — Securities and Futures (Market Conduct) (Exemption for Stabilising Action in respect of Dealings in Bonds) (No. 13) Regulations 2004 is currently in force.
When did Securities and Futures (Market Conduct) (Exemption for Stabilising Action in respect of Dealings in Bonds) (No. 13) Regulations 2004 take effect?
Securities and Futures (Market Conduct) (Exemption for Stabilising Action in respect of Dealings in Bonds) (No. 13) Regulations 2004 was first recorded in 2001.
How many regulations does Securities and Futures (Market Conduct) (Exemption for Stabilising Action in respect of Dealings in Bonds) (No. 13) Regulations 2004 have?
Securities and Futures (Market Conduct) (Exemption for Stabilising Action in respect of Dealings in Bonds) (No. 13) Regulations 2004 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 Bonds) (No. 13) Regulations 2004?
The official text of Securities and Futures (Market Conduct) (Exemption for Stabilising Action in respect of Dealings in Bonds) (No. 13) Regulations 2004 is published at sso.agc.gov.sg.