Singapore legislation
Regulation 3
Regulation 3
Exemption
Sections 197 and 198 of the Act shall not apply to any stabilising action taken in respect of any of the Notes, within 30 days from the date of issue of the Notes, with —
(a)
an institutional investor; (b)a relevant person as defined in section 275(2) of the Act; or
(c)
a person who acquires the Notes as principal, if the consideration for the acquisition is not less than $200,000 (or its equivalent in a foreign currency) for each transaction, whether such amount is paid for in cash or by exchange of securities or other assets.