Singapore legislation

Regulation 6

of Securities and Futures (Offers of Investments) (Shares and Debentures) (Transitional and Savings Provisions) Regulations 2005

Regulation 6

Issue manager’s liability for prospectus or profile statement

Subregulation 1

An issue manager of an offer of securities shall not be liable under section 253 of the principal Act by virtue of subsection (4)(d) of that section, or under section 254 of the principal Act by virtue of subsection (3)(d) of that section, if the prospectus or profile statement, as the case may be —

(a)

was lodged with the Authority before the appointed date under section 240 of the original Act; or (b)is lodged with the Authority within the period of 2 months beginning with the appointed date under section 240 of the principal Act.

Subregulation 2

Paragraph (1) shall not apply if the person making the offer lodges an amendment to the prospectus or profile statement, as the case may be, without the Authority’s consent referred to in section 240(11) of the principal Act, at any time after the period referred to in paragraph (1)(b) has expired.

Read in full context — Securities and Futures (Offers of Investments) (Shares and Debentures) (Transitional and Savings Provisions) Regulations 2005 →