Singapore legislation
Regulation 27
of Securities and Futures (Offers of Investments) (Collective Investment Schemes) Regulations 2005
Regulation 27
Comparison of past performance of collective investment scheme with that of another form of investment
Subregulation 1
Where an advertisement or publication in relation to a collective investment scheme includes a comparison of the past performance of the scheme with that of another form of investment —
such other form of investment must have a risk profile which is similar to that of the scheme; and
the comparison must be made on an offer-to-bid basis and that basis shall be stated in the advertisement or publication.
Subregulation 2
The requirements set out in regulation 25 shall apply to any collective investment scheme in respect of which any comparison of past performance is made under this regulation.