Securities and Futures Act 2001 · 2020 Revised Edition · Part 13 · Offers of Investments
274. Offer made to institutional investors
Feedback & supportLast amended by an amending law of 2024. 2 amendments in all.
Subdivisions (1A), (2) and (3) of this Division (other than section 257) do not apply to an offer of securities or securities‑based derivatives contracts (whether or not they have been previously issued) made to an institutional investor.
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;