Singapore legislation

Regulation 18

of Securities and Futures (Disclosure of Interests) Regulations 2012

Regulation 18

Trustee-manager to keep register of substantial unitholders

Amended byS 134/2018 wef 19/03/2018

Subregulation 1

Section 137C of the Act applies to a trustee-manager of an unlisted business trust as it applies to a corporation, with the following modifications:

(a)

any reference to the corporation is a reference to the trustee-manager of an unlisted business trust;

(b)

any reference to section 135, 136 or 137 of the Act is a reference to section 135, 136 or 137 of the Act (as the case may be), as applied by regulation 15;

(c)

the reference to a register of substantial shareholders in the heading is a reference to a register of substantial unitholders of the unlisted business trust;

(d)

the reference in section 137C(2) of the Act to a member of the corporation is a reference to a unitholder of the unlisted business trust;

(e)

the reference in section 137C(5) of the Act to section 137C(1), (2), (3) or (4) of the Act is a reference to section 137C(1), (2), (3) or (4) of the Act, as applied by this regulation;

(f)

section 137C(6) of the Act is to be disregarded.

Subregulation 2

Section 137C(3) of the Act applies to a person in relation to a trustee-manager of an unlisted business trust as it applies to a person in relation to a corporation, with the following modifications:

(a)

any reference to the corporation is a reference to the trustee-manager of an unlisted business trust;

(b)

a reference to the register is a reference to the register required to be kept by the trustee-manager of an unlisted business trust under section 137C(1) of the Act, as applied by paragraph (1).

Subregulation 3

Section 137C(4) of the Act applies to the Authority in relation to a trustee-manager of an unlisted business trust as it applies to the Authority in relation to a corporation, with the following modifications:

(a)

any reference to the corporation is a reference to the trustee-manager of an unlisted business trust;

(b)

a reference to the register is a reference to the register required to be kept by the trustee-manager of an unlisted business trust under section 137C(1) of the Act, as applied by paragraph (1).

Subregulation 4

Section 137C of the Act applies to a trustee-manager of an unlisted business trust, to a person in relation to a trustee-manager of an unlisted business trust, and to the Authority in relation to a trustee-manager of an unlisted business trust, in relation to the part of the register referred to in section 137F(6) of the Act as applied by regulation 21(1) as it applies to those persons in relation to the remainder of the register required to be kept by the trustee-manager of an unlisted business trust under section 137C(1) of the Act, as applied by paragraph (1).

Read in full context — Securities and Futures (Disclosure of Interests) Regulations 2012 →