Singapore legislation
Clause 323
Clause 323
Special requirements as to articles and prospectus
(1)
An investment company shall not issue a prospectus or permit a prospectus to be issued on its behalf unless the prospectus specifies —
the type of security in which it is among the objects of the company to invest; and
whether it is among the objects of the company to invest within Singapore or outside Singapore or both.[Aust.s. 338.]
(2)
After the expiration of three months after an investment company has been declared to be an investment company, the investment company shall not borrow or invest any moneys, or underwrite or sub-underwrite any issue of securities, unless the articles of the company specify the matters referred to in paragraphs (a) and (b) of subsection (1) of this section.