Clause 92

by inserting, immediately after the words “an offer” in subsection (1), the words “to the public”;

by inserting, immediately after the words “an invitation” in subsection (1), the words “to the public”;

by inserting, at the end of subsection (1)(ii), the word “and”;

by deleting the word “; and” at the end of subsection (1)(iii)(B) and substituting a full-stop;

by deleting paragraph (iv) of subsection (1);

by deleting the words “lodged with the Authority” in the definition of “information memorandum” in subsection (3);

by inserting, immediately after the word “corporation” in the last line of paragraph (b)(ii) of the definition of “sophisticated investor” in subsection (3), the words “, or (if the corporation is not required to prepare audited accounts) a balance-sheet of the corporation certified by the corporation as giving a true and fair view of the state of affairs of the corporation as of the date of the balance-sheet, which is a date that is no earlier than 12 months before the date on which the offer or invitation is made to the corporation”; and

by deleting the words “a natural person” in paragraph (c) of the definition of “sophisticated investor” in subsection (3) and substituting the words “an individual”.