On 21/05/2013,
you requested for the version in force on 21/05/2013
incorporating all amendments published on or before 21/05/2013.
The closest version currently available is that of 25/07/2008.
No. S 376
Securities and Futures Act
Securities and Futures Act (Amendment of Second Schedule and Other Provisions to Act for REIT Management) Order 2008
In exercise of the powers conferred by section 340(1) and (2) of the Securities and Futures Act, the Senior Minister, Prime Minister’s Office, hereby makes the following Order:
1. This Order may be cited as the Securities and Futures Act (Amendment of Second Schedule and Other Provisions to Act for REIT Management) Order 2008 and shall come into operation on 1st August 2008.
2. The Second Schedule to the Securities and Futures Act is amended —
(a)
by inserting, immediately after paragraph (e\) of Part I, the following paragraph:
“(ea)
real estate investment trust management;”;
(b)
by deleting the definition of “fund management” in Part II and substituting the following definition:
“ “fund management” means undertaking on behalf of a customer (whether on a discretionary authority granted by the customer or otherwise) —
(a)
the management of a portfolio of securities or futures contracts; or
(b)
foreign exchange trading or leveraged foreign exchange trading for the purpose of managing the customer’s funds,
but does not include real estate investment trust management;”; and
(c)
by inserting, immediately after the definition of “providing custodial services for securities” in Part II, the following definition:
“ “real estate investment trust management” means managing or operating a collective investment scheme —
(a)
that is a trust;
(b)
that invests only in real estate and real estate-related assets specified by the Authority in the Code on Collective Investment Schemes; and
(c)
all or any units of which are listed for quotation on a securities exchange;”.
3. The provisions of the Securities and Futures Act specified in the first column of the Schedule are amended in the manner set out in the second column thereof.
[CMD 020/2008; AG/LEG/SL/289/2005/29 Vol. 1]