Securities and Futures (Offers of Investments) (Collective Investment Schemes) Regulations 2005 · As enacted · Part V · Exemptions
37. Exemption for offer to existing participants
Feedback & supportLast amended by an amending law of 2024. 3 amendments in all.
Subdivision (3) of Division 2 of Part 13 of the Act shall not apply to any person who makes an offer of units in a collective investment scheme where —
the offer is made to any existing participant of the scheme; and
the units being offered are uniform in all respects with units previously issued to and currently owned by the existing participant.
Subdivision (3) of Division 2 of Part 13 of the Act does not apply to a responsible person of a real estate investment trust who makes an offer of units in the scheme to existing participants of the scheme.
Subregulation 1
Subdivision (3) of Division 2 of Part 13 of the Act shall not apply to any person who makes an offer of units in a collective investment scheme where —
the offer is made to any existing participant of the scheme; and
the units being offered are uniform in all respects with units previously issued to and currently owned by the existing participant.
Subregulation 2
Subdivision (3) of Division 2 of Part 13 of the Act does not apply to a responsible person of a real estate investment trust who makes an offer of units in the scheme to existing participants of the scheme.