Regulation 32
Extent to which Subdivisions (2) and (3) in Division 2 of Part 13 of Act apply to restricted schemes
of Securities and Futures (Offers of Investments) (Collective Investment Schemes) Regulations 2005
For the purposes of section 305(1) and (2) of the Act —
sections 285 to 288, 294, 295 and 296 of the Act do not apply to a restricted scheme except as modified and set out in —
in the case of a restricted scheme other than a restricted real estate investment trust — paragraphs 1 to 8 (other than paragraph 4A) of the Sixth Schedule; and
in the case of a restricted real estate investment trust — paragraphs 4A, 7 and 8 of the Sixth Schedule;
sections 289 to 292 of the Act do not apply to a restricted scheme constituted in Singapore, or a restricted real estate investment trust, except with the following modifications:
in the case of a restricted scheme constituted in Singapore other than a restricted real estate investment trust — a reference to a collective investment scheme which is authorised under section 286 of the Act is to be read as a reference to a restricted scheme which is constituted in Singapore, and entered into the list of restricted schemes maintained by the Authority under paragraph 2(3) of the Sixth Schedule;
in the case of a restricted real estate investment trust — a reference to a collective investment scheme which is authorised under section 286 of the Act is to be read as a reference to a restricted real estate investment trust; and
section 293 of the Act shall apply to a restricted scheme.