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12. Application of Securities and Futures (Offers of Investments) (Securities and Securities‑based Derivatives Contracts) Regulations 2018 to GLB offers and intended GLB offers

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The Securities and Futures (Offers of Investments) (Securities and Securities‑based Derivatives Contracts) Regulations 2018 (G.N. No. S 664/2018) apply to GLB offers and intended GLB offers with the following modifications:

(a)

in regulation 16(1) and 2(d) and (e), the words “institutional investor” are replaced by the words “accredited investor or institutional investor”;

(b)

in regulation 16(1), the words “not later than 14 days” are replaced by the words “at any time”;

(c)

in regulation 16(2)(c)(ii), the words “institutional investors only” are replaced by the words “accredited investors and institutional investors only”;

(d)

in regulation 33(3), sub‑paragraph (d) does not apply.

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