Regulation 4

For a period of 6 months from 22nd December 2003, subdivisions (2) and (3) of Division 2 of Part XIII of the principal Act shall not apply to an offer to the public of, or an invitation to the public to subscribe for or purchase, units in a collective investment scheme made to any person referred to in section 304 (b)(i) to (ix) of the principal Act in force immediately before that date (not being a person referred to in section 304 (a) to (j) of the principal Act), provided that the offer or invitation was made before that date and has not closed by that date.