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Persons prescribed for purposes of definition of “institutional investor”

Securities and Futures (Classes of Investors) Regulations 2018

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—(1) The statutory boards set out in the Second Schedule are prescribed for the purposes of section 4A(1)(c)(ii) of the Act.(2) The multilateral agencies, international organisations and supranational agencies set out in the Third Schedule are prescribed for the purposes of section 4A(1)(c)(viii) of the Act.(3) The following persons are prescribed for the purposes of section 4A(1)(c)(xxvii) of the Act:(a)a designated market‑maker;(b)a headquarters company or Finance and Treasury Centre which carries on a class of business involving fund management, where such business has been approved as a qualifying service in relation to that headquarters company or Finance and Treasury Centre under section 43E(2)(a) or 43G(2)(a) of the Income Tax Act (Cap. 134);(c)a person who undertakes fund management activity (whether in Singapore or elsewhere) on behalf of not more than 30 qualified investors;(d)a Service Company which carries on business as an agent of a member of Lloyd’s;(e)a corporation the entire share capital of which is owned by an institutional investor or by persons all of whom are institutional investors; (f)a partnership (other than a limited liability partnership within the meaning of the Limited Liability Partnerships Act (Cap. 163A)) in which each partner is an institutional investor. (4) In paragraph (3) —“agent”, in relation to a member of Lloyd’s, “Lloyd’s”, “member of Lloyd’s” and “Service Company” have the meanings given by regulation 2 of the Insurance (Lloyd’s Asia Scheme) Regulations (Cap. 142, Rg 9);“designated market‑maker”, “Finance and Treasury Centre” and “headquarters company” have the meanings given by paragraph 1 of the Second Schedule to the Securities and Futures (Licensing and Conduct of Business) Regulations;“qualified investor” has the meaning given by paragraph 5(3) of the Second Schedule to the Securities and Futures (Licensing and Conduct of Business) Regulations.

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