Singapore legislation
Regulation 15
of Securities and Futures (Disclosure of Interests) Regulations 2012
Regulation 15
Duty of substantial unitholder to notify trustee-manager of interests
Sections 135, 136 and 137 of the Act apply to a person who is a substantial unitholder of an unlisted business trust as they apply to a person who is or had been a substantial shareholder of a corporation, with the following modifications:
any reference in those sections to the corporation to which notification should be given is a reference to the trustee-manager of the unlisted business trust;
any reference in those sections to shares in the corporation is a reference to units in the unlisted business trust; (c)any reference in those sections to voting shares in the corporation, or voting shares (excluding treasury shares) in the corporation, is a reference to voting units in the unlisted business trust; (d)any reference in those sections to a substantial shareholder in the corporation is a reference to a substantial unitholder of the unlisted business trust;
the reference in section 136(3)(b) of the Act to the share capital of the corporation is a reference to the total issued units of the unlisted business trust.