Singapore legislation
Clause 283
Clause 283
Interpretation of this Division
(1)
In this Division, unless the context otherwise requires —
Definition
“profile statement” means a profile statement referred to in section 296(2);
Definition
“prospectus” means any prospectus, notice, circular, material, advertisement, publication or other document inviting applications or offers from the public to subscribe for or purchase, or offering to the public for subscription or purchase, any units in a collective investment scheme or proposed collective investment scheme, but does not include —
a profile statement; or
any material, advertisement or publication which is authorised by section 300 (other than subsection (3)), and which complies with such requirements as may be prescribed under section 300(1);
Definition
“responsible person”, in relation to a collective investment scheme, means —
in the case of a scheme which is authorised under section 286, the manager for the scheme;
in the case of a scheme which is recognised under section 287 —
where the scheme is constituted as a corporation, the corporation;
where the scheme is not constituted as a corporation, the manager for the scheme;
Definition
“replacement document” means a replacement prospectus or a replacement profile statement referred to in section 298(1), as the case may be;
Definition
“supplementary document” means a supplementary prospectus or a supplementary profile statement referred to in section 298(1), as the case may be;
Definition
“unit trust” means a collective investment scheme under which the property is held on trust for the participants.
(2)
For the purposes of this Division, a statement shall be deemed to be included in a prospectus or profile statement if it is contained in any report or memorandum appearing on the face thereof or by reference incorporated therein or issued therewith.
(3)
Any reference in this Division to making an offer of units in a collective investment scheme to the public for subscription or purchase or to making an invitation to the public to subscribe for or purchase units in a collective investment scheme shall, unless the contrary intention appears, include a reference to —
making an offer of units in a collective investment scheme to any section of the public for subscription or purchase or to making an invitation to any section of the public to subscribe for or purchase units in a collective investment scheme, as the case may be, whether by selection as customers of the person making the offer or the invitation or in any other manner; and
inviting applications from any section of the public to subscribe for or purchase units in a collective investment scheme.