Singapore legislation

Regulation 4

Application of section 4A(2) of Act

For the purposes of section 4A(2) of the Act, in determining whether an offer, invitation or advertisement is made or issued to the public or any section of the public in Singapore, regard shall be had to the following considerations:

(a)

whether the offer, invitation or advertisement contains any information specifically relevant to Singapore;

(b)

whether the offer, invitation or advertisement is published in any newspaper, magazine, journal or other periodical publication, or in any broadcast media, which is principally for circulation or reception in Singapore;

(c)

whether the offer, invitation or advertisement contains a prominent notice that no deposit shall be accepted from persons in Singapore, and whether such notice is viewed with or before the advertisement;

(d)

whether reasonable steps are taken to guard against acceptance of deposits from persons in Singapore; or

(e)

whether the offer, invitation or advertisement, directly or indirectly, states that deposits in Singapore currency shall be accepted.

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