Singapore legislation

Regulation 2

of Securities and Futures (Market Conduct) (Exemption for Stabilising Action in respect of Dealings in Bonds) (No. 22) Regulations 2005

Regulation 2

Definitions

In these Regulations, unless the context otherwise requires —“Bonds” means the fixed to floating rate subordinated bonds due September 2025 to be issued by Fukoku Mutual Life Insurance Company for a principal amount of up to EURO 500 million;“stabilising action” means an action taken in Singapore or elsewhere by J.P. Morgan Securities Ltd. and Merrill Lynch International, or any of their related corporations, to buy, or to offer or agree to buy, any of the Bonds in order to stabilise or maintain the market price of the Bonds in Singapore or elsewhere.

Definition

“Bonds” means the fixed to floating rate subordinated bonds due September 2025 to be issued by Fukoku Mutual Life Insurance Company for a principal amount of up to EURO 500 million;

Definition

“stabilising action” means an action taken in Singapore or elsewhere by J.P. Morgan Securities Ltd. and Merrill Lynch International, or any of their related corporations, to buy, or to offer or agree to buy, any of the Bonds in order to stabilise or maintain the market price of the Bonds in Singapore or elsewhere.

Read in full context — Securities and Futures (Market Conduct) (Exemption for Stabilising Action in respect of Dealings in Bonds) (No. 22) Regulations 2005 →