Singapore legislation
Regulation 3
Regulation 3
Exemption for offer of securities or securities-based derivatives contracts made in physical document
Subregulation 1
An offer of securities or securities‑based derivatives contracts (not being such securities or securities‑based derivatives contracts as may be prescribed by regulations under section 341 of the Act for the purposes of section 277(1) of the Act), whether by means of a rights issue or otherwise, is exempt from section 277(1)(c) of the Act if the conditions specified in paragraph (2) are satisfied.
Subregulation 2
The conditions are that —
the offer information statement relating to the offer is —
published on SGXNET and the website of the issuer (if available); and
capable of being printed by a person to whom the offer is made; (b)the offer is made in a physical document; and
the physical document mentioned in sub‑paragraph (b) —
states that the person to whom the offer is made should read the offer information statement before submitting his or her application to subscribe for or purchase the securities or securities‑based derivatives contracts;
states that the offer information statement is available online; and
specifies the address of the online location at which the offer information statement is published and contains instructions on how to view, download and print the offer information statement.