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;