Singapore legislation
Regulation 4
Regulation 4
Exemption for offer made using offer information statement through automated teller machine
Subregulation 1
Subject to paragraph (2), Subdivisions (2) and (3) of Division 1 of Part XIII (other than section 257) of the Act shall not apply to an offer of REIT Bonds, whether by means of a rights issue or otherwise, which is made using any automated teller machine.
Subregulation 2
The exemption under paragraph (1) shall be subject to following conditions:
an offer information statement relating to the offer shall be lodged with the Authority and the conditions specified in regulation 3(2) (read with regulation 3(3) and (4)) shall be complied with; and (b)before enabling a prospective subscriber or purchaser to submit an application to subscribe for or purchase the REIT Bonds, the prospective subscriber or purchaser is informed of the following matters through the automated teller machine:
how the prospective subscriber or purchaser can obtain, or arrange to receive, a copy of the offer information statement relating to the offer;
that the prospective subscriber or purchaser should read the offer information statement before submitting the application.(c)[Deleted by S 672/2018 wef 08/10/2018](d)[Deleted by S 672/2018 wef 08/10/2018]