Singapore legislation
Regulation 6
Regulation 6
Additional disclosure requirements for exemption under regulation 5
Subregulation 1
Without prejudice to any disclosure requirements under any other written law, for the purposes of qualifying for the exemption under regulation 5, bonds or NCDs denominated in Singapore dollars which are issued with a denomination of less than $200,000, shall have contained —
in any prospectus and any profile statement in respect of its issue; or
where such documents are not required in respect of its issue, in an information memorandum to be issued, circulated or distributed in respect of its issue,the additional information set out in paragraph (2).
Subregulation 2
The additional information required to be disclosed under paragraph (1) are —
a statement of the place of booking of the issue;
where the name of the issuer contains the word “bank”, “finance” or any of its derivatives in any language and —
the place of booking of the issue is not Singapore; or
the issuer is not regulated or authorised by the Authority under any written law,a statement that the branch or office of the issuer at which the issue is booked is not subject to regulation or supervision in Singapore;
where repayment under the bond or NCD is secured (whether by mortgage, charge, guarantee or other means), a statement of the nature of the security, the name of the mortgagor, chargor or guarantor, as the case may be, and whether such person is regulated or authorised by the Authority under any written law; and
where repayment under the bond or NCD is not secured (whether by mortgage, charge, guarantee or other means), a statement that repayment is not secured by any means.