Singapore legislation

Regulation 10

of Significant Infrastructure Government Loan Regulations 2021

Regulation 10

Limits on allotment

In respect of any issue of SINGA securities —

(a)

each primary dealer applying on a non‑competitive basis to purchase SINGA securities on its own behalf must not be allotted more than 1% of the issue;

(b)

each person, other than a primary dealer, applying on a non‑competitive basis to purchase SINGA securities must not be allotted more than —

(i)

$1 million in the case of SINGA securities having a maturity of one year or less; or

(ii)

$2 million in the case of SINGA securities having a maturity of more than one year;

(c)

not more than 40% of the issue must be allotted by the MAS to applications made on a non‑competitive basis; and

(d)

despite any other provision in these Regulations —

(i)

each primary dealer must not be allotted more than 30% of the issue; and

(ii)

each person, other than a primary dealer, must not be allotted more than 15% of the issue.

Read in full context — Significant Infrastructure Government Loan Regulations 2021 →