/akn/sg/act/sub_leg/2001/SFA-S575-2004
The full official text, structured for quick navigation. Copy any provision or jump straight to a section.
Quick answer
Securities and Futures (Market Conduct) (Exemption for Stabilising Action in respect of Dealings in Notes) (No. 38) Regulations 2004 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation SFA-S575-2004 2001, currently marked in force and first recorded in 2001.
Citation and commencement
These Regulations may be cited as the Securities and Futures (Market Conduct) (Exemption for Stabilising Action in respect of Dealings in Notes) (No. 38) Regulations 2004 and shall come into operation on 13th September 2004.
Definitions
In these Regulations, unless the context otherwise requires —“2007 Notes” means the 3-year fixed rate guaranteed secured notes due September 2007 issued by MGTI Finance Company Ltd for a principal amount of up to US$150 million, which are guaranteed by PT Mitra Global Telekomunikasi Indonesia and MGTI Finance B.V.;“2010 Notes” means the 6-year fixed rate guaranteed secured notes due September 2010 issued by MGTI Finance Company Ltd for a principal amount of up to US$200 million, which are guaranteed by PT Mitra Global Telekomunikasi Indonesia and MGTI Finance B.V.;“stabilising action” means an action taken in Singapore or elsewhere by DBS Bank Ltd., UBS Limited, or any of their related corporations, to buy, or to offer or agree to buy, any of the 2007 Notes or 2010 Notes in order to stabilise or maintain the market price of the 2007 Notes or 2010 Notes, respectively, in Singapore or elsewhere.
“2007 Notes” means the 3-year fixed rate guaranteed secured notes due September 2007 issued by MGTI Finance Company Ltd for a principal amount of up to US$150 million, which are guaranteed by PT Mitra Global Telekomunikasi Indonesia and MGTI Finance B.V.;
“2010 Notes” means the 6-year fixed rate guaranteed secured notes due September 2010 issued by MGTI Finance Company Ltd for a principal amount of up to US$200 million, which are guaranteed by PT Mitra Global Telekomunikasi Indonesia and MGTI Finance B.V.;
“stabilising action” means an action taken in Singapore or elsewhere by DBS Bank Ltd., UBS Limited, or any of their related corporations, to buy, or to offer or agree to buy, any of the 2007 Notes or 2010 Notes in order to stabilise or maintain the market price of the 2007 Notes or 2010 Notes, respectively, in Singapore or elsewhere.
Exemption
Sections 197 and 198 of the Act shall not apply to any stabilising action taken in respect of any of the 2007 Notes or 2010 Notes, within 30 days from the date of issue of the 2007 Notes or 2010 Notes, as the case may be, with —
a person referred to in section 274 of the Act; or
a sophisticated investor as defined in section 275(2) of the Act.