Singapore legislation

Regulation 2

of Securities and Futures (Market Conduct) (Exemption for Stabilising Action in respect of Dealings in Notes) (No. 4) Regulations 2005

Regulation 2

Definitions

In these Regulations, unless the context otherwise requires —“Notes” means the 3-year floating rate notes due January 2008 issued by National Agricultural Cooperative Federation for a principal amount of up to ¥10,000,000,000;“stabilising action” means an action taken in Singapore or elsewhere by Daiwa Securities SMBC Hong Kong Limited, 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 3-year floating rate notes due January 2008 issued by National Agricultural Cooperative Federation for a principal amount of up to ¥10,000,000,000;

Definition

“stabilising action” means an action taken in Singapore or elsewhere by Daiwa Securities SMBC Hong Kong Limited, 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.