Singapore legislation
Section 309D
Section 309D
Use of term “product highlights sheet”
(1)
A person must not, when describing or referring to any publication in respect of any offer or intended offer of any capital markets products, use the term “product highlights sheet” or any of its derivatives in any language in the name or description or any representation of that publication, unless —
that publication is a product highlights sheet —
in respect of an offer that is made in or accompanied by a prospectus or profile statement that complies with section 240; and
in respect of which section 240AA(1)(a) and (b) has been complied with; (b)that publication is a product highlights sheet —
in respect of an offer that is made in or accompanied by a prospectus or profile statement that complies with section 296; and
in respect of which section 296A(1)(a) and (b) has been complied with;
that person belongs to any class of persons declared by the Authority, by order in the Gazette, to be a class of persons who may, when describing or referring to any publication in respect of any offer or intended offer of such capital markets products as the Authority may specify in the order, use that term or any of its derivatives in any language in the name or description or any representation of that publication; or
the Authority has given consent in writing to that person to use that term or any of its derivatives in any language, when describing or referring to any publication in respect of any offer or intended offer of such capital markets products as the Authority may specify in writing, in the name or description or any representation of that publication.
(2)
Any person who contravenes subsection (1) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $50,000 and, in the case of a continuing offence, to a further fine not exceeding $5,000 for every day or part of a day during which the offence continues after conviction.