Singapore legislation
Regulation 37
of Securities and Futures (Offers of Investments) (Collective Investment Schemes) Regulations 2005
Regulation 37
Exemption for offer to existing participants
Amended byS 469/2012 wef 01/10/2012S 638/2024 wef 31/12/2021S 669/2018 wef 08/10/2018S 638/2024 wef 31/12/2021
Subregulation 1
Amended byS 469/2012 wef 01/10/2012S 638/2024 wef 31/12/2021
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 —
(a)
the offer is made to any existing participant of the scheme; and
(b)
the units being offered are uniform in all respects with units previously issued to and currently owned by the existing participant.
Subregulation 2
Amended byS 669/2018 wef 08/10/2018S 638/2024 wef 31/12/2021
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.