Singapore legislation
Regulation 7
of Securities and Futures (Part 13A) (Global Listing Board and U.S. Exchange) Regulations 2026
Regulation 7
Application of liability provisions to OIS offers
In any proceedings against a person under section 234 (read with section 199, 200 or 201) or 254 of the Act in connection with a statement (statement B) that is incorporated in an offer information statement for an OIS offer by reference to a document under section 277(1AE) of the Act (as inserted by regulation 11(3)), it is a defence for the person to prove that —
statement B is modified or replaced by another statement in the offer information statement; and
the modified statement B or the replacement statement does not contravene section 199, 200 or 201 of the Act, or is not a false or misleading statement as described in section 254 of the Act, as the case may be,and for the purpose of this defence, the offer information statement need not expressly state that statement B has been modified or replaced.