Regulation 1
Citation and commencement
These Regulations are the Securities and Futures (Offers of Investments) (Exemption for APAC Realty Limited Performance Share Plan) Regulations 2023 and come into operation on 2 August 2023.
/akn/sg/act/sub_leg/2001/SFA-S540-2023
Securities and Futures (Offers of Investments) (Exemption for APAC Realty Limited Performance Share Plan) Regulations 2023
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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 APAC Realty Limited Performance Share Plan) Regulations 2023 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation SFA-S540-2023 2001, currently marked in force and first recorded in 2001.
Regulation 2
Definitions
In these Regulations —“APAC Realty Limited Performance Share Plan” means the share purchase plan known as the APAC Realty Limited Performance Share Plan adopted by the company on 20 April 2023 and ending on 19 April 2033, and includes any subsequent version of that plan as amended and adopted by the company at any time between 20 April 2023 and 19 April 2033 (both dates inclusive);“company” means APAC Realty Limited;“estate agent” has the meaning given by section 3(1) of the Estate Agents Act 2010.
Definition
“APAC Realty Limited Performance Share Plan” means the share purchase plan known as the APAC Realty Limited Performance Share Plan adopted by the company on 20 April 2023 and ending on 19 April 2033, and includes any subsequent version of that plan as amended and adopted by the company at any time between 20 April 2023 and 19 April 2033 (both dates inclusive);
Definition
“estate agent” has the meaning given by section 3(1) of the Estate Agents Act 2010.
Regulation 3
Exemption
Subregulation 1
Subject to paragraph (2), Subdivision (2) of Division 1 of Part 13 (other than section 257) of the Act does not apply in relation to an offer of shares by the company under the APAC Realty Limited Performance Share Plan to any person who —
(a)
is an agent of the company who leads a group of estate agents of the company, or an agent of any subsidiary of the company who leads a group of estate agents of that subsidiary of the company, as the case may be; and
(b)
bears the title of “Senior Director of Agency”, “Chief Agency Director”, “Emeritus Agency Group Division Director” or “Executive Director of Agency”.
Subregulation 2
The exemption under paragraph (1) only applies if —
(a)
the company gives to any person to whom the company makes the offer, a written statement that —
(i)
the offer is made in reliance on an exemption granted by the Authority pursuant to these Regulations; and
(ii)
the offer is not made in, or accompanied by, a prospectus that is registered by the Authority; and
(b)
no selling or promotional expenses are 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 person who holds, or is exempted from the requirement to hold, a capital markets services licence to carry on business in the regulated activity of dealing in capital markets products that are securities or securities‑based derivatives contracts; or
(ii)
a person who is licensed, approved, authorised or otherwise regulated (or who is exempted from such regulation) under the laws, codes or other requirements of any foreign jurisdiction for dealing in capital markets products that are securities or securities‑based derivatives contracts.
Common questions
- What is Securities and Futures (Offers of Investments) (Exemption for APAC Realty Limited Performance Share Plan) Regulations 2023?
- Securities and Futures (Offers of Investments) (Exemption for APAC Realty Limited Performance Share Plan) Regulations 2023 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation SFA-S540-2023 2001, currently marked in force and first recorded in 2001.
- Is Securities and Futures (Offers of Investments) (Exemption for APAC Realty Limited Performance Share Plan) Regulations 2023 still in force?
- Yes — Securities and Futures (Offers of Investments) (Exemption for APAC Realty Limited Performance Share Plan) Regulations 2023 is currently in force.
- When did Securities and Futures (Offers of Investments) (Exemption for APAC Realty Limited Performance Share Plan) Regulations 2023 take effect?
- Securities and Futures (Offers of Investments) (Exemption for APAC Realty Limited Performance Share Plan) Regulations 2023 was first recorded in 2001.
- How many regulations does Securities and Futures (Offers of Investments) (Exemption for APAC Realty Limited Performance Share Plan) Regulations 2023 have?
- Securities and Futures (Offers of Investments) (Exemption for APAC Realty Limited Performance Share Plan) Regulations 2023 contains 3 regulations.
- Where can I read the official version of Securities and Futures (Offers of Investments) (Exemption for APAC Realty Limited Performance Share Plan) Regulations 2023?
- The official text of Securities and Futures (Offers of Investments) (Exemption for APAC Realty Limited Performance Share Plan) Regulations 2023 is published at sso.agc.gov.sg.