Securities and Futures Act 2001 · 2020 Revised Edition · Part 13 · Offers of Investments
246. Contents of profile statement
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A profile statement for an offer of securities or securities‑based derivatives contracts must contain —
securities
“securities” means —(a)shares, units in a business trust or any instrument conferring or representing a legal or beneficial ownership interest in a corporation, partnership or limited liability partnership;(b)debentures; or(c)any other product or class of products as may be prescribed,but does not include —(d)any unit of a collective investment scheme;(e)any bill of exchange;(f)any certificate of deposit issued by a bank or finance company, whether situated in Singapore or elsewhere; or(g)such other product or class of products as may be prescribed;
the following particulars:
identification of the person making the offer;
where the person making the offer is not the issuer, identification of the issuer and, where applicable, the underlying entity;
in the case of an offer of securities or securities‑based derivatives contracts being units or derivatives of units in a business trust, identification of the business trust, the trustee‑manager of the business trust and the issuer;
identification of the persons signing the profile statement;
the nature of the securities or securities‑based derivatives contracts;
the nature of the risks involved in investing in the securities or securities‑based derivatives contracts;
details of all amounts payable in respect of the securities or securities‑based derivatives contracts (including any amount by way of fee, commission or charge);
a statement that copies of the prospectus are available for collection at the times and places specified in the profile statement; and
a statement that the persons referred to in section 240(4A) who have signed the profile statement are satisfied that the profile statement contains a fair summary of the key information in the prospectus.
A profile statement must not contain —
any statement that is false or misleading in the form and context in which it is included;
any material information that is not contained in the prospectus; and
any material information that differs in any material particular from that set out in the prospectus.
For the purposes of subsection (2)(a), the reference to a statement includes a reference to any information presented, regardless of whether such information is in text or otherwise.