Singapore legislation
Clause 57
Clause 57
New section 239A
The principal Act is amended by inserting, immediately after section 239, the following section:“Authority may disapply this Division to certain offers and invitations239A. Notwithstanding any provision to the contrary in this Division, where —
an offer to the public of, or an invitation to the public to subscribe for or purchase, shares, debentures or units of shares or debentures is one to which (but for this section) both this Division and Division 2 apply; and
the Authority has by order published in the Gazette declared that this Division shall not apply to that offer or invitation or a class of offers or invitations to which that offer or invitation belongs,then this Division does not apply to that offer or invitation.”.