Nature of Securities

Definition of Securities in Singapore

• Securities generally means shares, units in a business trust or debentures. The Securities and Futures Act 2001 (SFA) prescribes the following definition of securities.

  According to the SFA

  “securities” means —

  (a)	shares, units in a business trust or any instrument conferring or representing a legal or beneficial ownership interest in a corporation, partnership or limited liability partnership;
  (b)	debentures; or
  (c)	any other product or class of products as may be prescribed,

  but does not include —

  (d)	any unit of a collective investment scheme;
  (e)	any bill of exchange;
  (f)	any certificate of deposit issued by a bank or finance company, whether situated in Singapore or elsewhere; or
  (g)	such other product or class of products as may be prescribed;