Clause 105

by deleting paragraph (b) of subsection (1) and substituting the following paragraph:“(b)either —

the offer is made in or accompanied by the offer information statement referred to in paragraph (a); or

all the conditions in subsection (2A) are satisfied.”; and

by deleting subsection (2) and substituting the following subsections:“(2) Subsection (1) shall only apply to an offer of units referred to in that subsection made within a period of 6 months from the date the offer information statement relating to that offer is lodged with the Authority.(2A) The conditions referred to in subsection (1)(b)(ii) are —

the offer is made using any automated teller machine or such other electronic means as may be prescribed by the Authority;

the automated teller machine or prescribed electronic means indicates to a prospective subscriber or buyer —

how he can obtain, or arrange to receive, a copy of the offer information statement in respect of the offer; and

that he should read the offer information statement before submitting his application,before enabling him to submit any application to subscribe for or purchase units in the collective investment scheme; and

the person making the offer complies with such other requirements as the Authority may prescribe.”.