Singapore legislation

Clause 56

of Securities and Futures (Amendment No. 2) Bill

Clause 56

Amendment of section 252

Section 252 of the principal Act is amended —

(a)

by deleting the words “offer of shares, debentures, or units of shares or debentures, for subscription or purchase, or the invitation to subscribe for or purchase shares, debentures, or units of shares or debentures, as soon as practicable, if he becomes aware at any time after the prospectus or profile statement is registered by the Authority but before the close of the offer or invitation” in subsection (1) and substituting the words “offer of securities, as soon as practicable, if he becomes aware at any time after the prospectus or profile statement is registered by the Authority but before the close of the offer”;

(b)

by deleting the words “or matter” in subsection (1)(a);

(c)

by inserting, immediately after subsection (2), the following subsection:“(3) For the purposes of subsection (1)(a), any reference to a statement shall include a reference to any information presented, regardless of whether such information is in text or otherwise.”; and

(d)

by deleting the words “or invitation” in the section heading.