s 309G Regulations
309G.—(1) The Authority may, for the purposes of this Part, make regulations for the following matters:(a) declare a Dual Listing Board as a prescribed DLB; (b) declare an overseas exchange as a prescribed overseas exchange, if the Authority is of the opinion that the securities law of the foreign jurisdiction in which the overseas exchange operates —(i) is consistent with the principles of securities regulation relating to the enforcement of securities regulation, cooperation in regulation, and issuers, set out in the document called “Objectives and Principles of Securities Regulation” issued by the International Organization of Securities Commission (IOSCO) on May 2017 (as amended from time to time), or any document issued by IOSCO that replaces that document; and (ii) prescribes disclosure requirements for an offer or intended offer of capital markets products that are comparable to those set out in the document called “International Disclosure Standards for Cross‑Border Offerings and Initial Listings by Foreign Issuers” issued by IOSCO on September 1998 (as amended from time to time), or any document issued by IOSCO that replaces that document; (c) declare a prescribed DLB as paired with a prescribed overseas exchange for the purposes of any regulations; (d) in relation to DLB products, a DLB offer, an intended DLB offer, an OIS offer or an intended OIS offer, replace one or more of the following with another provision or other provisions:(i) sections 197, 198, 199, 200, 201, 202(1)(a), 218, 219, 234, 236, 253 and 254 (called in this Part liability provisions); (ii) sections 240, 240AA, 241, 242, 243, 246, 251 and 277, and any provision in any subsidiary legislation made under any provision of Part 13, or for carrying out any purpose or provision in Part 13 (called in this Part offer provisions); (e) modify one or more liability provisions or offer provisions in its or their application in relation to DLB products, a DLB offer, an intended DLB offer, an OIS offer or an intended OIS offer; (f) disapply one or more liability provisions or offer provisions in relation to DLB products, a DLB offer, an intended DLB offer, an OIS offer or an intended OIS offer; (g) make any modification to any other provision of the Act or any subsidiary legislation that is consequential to such replacement, modification or disapplication; (h) provide that the regulations only apply to specific types of DLB products, DLB offers, intended DLB offers, OIS offers or intended OIS offers; (i) make saving and transitional provisions consequent on the insertion, deletion or amendment of any regulation. (2) The regulations made under subsection (1) may apply, adopt or incorporate by reference —(a) wholly or partially; (b) with or without any addition, omission or substitution; or (c) specifically or by reference, any securities law of the foreign jurisdiction in which a prescribed overseas exchange operates, as in force or published at a particular time or as in force or published from time to time. (3) Any securities law of a foreign jurisdiction applied, adopted or incorporated by reference in the regulations under subsection (2) is to be treated for all purposes as forming part of the regulations. (4) The regulations made under subsection (1) may make different provisions in relation to —(a) offers or intended offers of DLB products that are listed or to be listed on different prescribed DLBs or different prescribed overseas exchanges; and (b) DLB products that are listed or to be listed on different prescribed DLBs or different prescribed overseas exchanges. (5) The regulations made under subsection (1) may not apply any securities law of a foreign jurisdiction on the procedure and practice to be followed in any court proceedings. (6) The regulations made under subsection (1) have effect despite anything in any written law (including other Parts of this Act) or the common law. (7) The regulations made under subsection (1) do not affect the liability a person incurs under any law not modified, replaced or disapplied by them.[Act 12 of 2026 wef 29/06/2026]