Clause 75

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

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

all the conditions in subsection (1B) are satisfied.”; and

by deleting subsection (1A) and substituting the following subsections:“(1A) Subsection (1) shall only apply to an offer of securities 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.(1B) The conditions referred to in subsection (1)(c)(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 securities; and

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