Suggest a correction

Exemption of book building activity

Securities and Futures (Offers of Investments) (Exemption for Offers of Post-seasoning Debentures) Regulations 2016

Match the official source exactly.

What needs fixing?

Wrong or mistyped textWrong structure or numberingWrong title or detailsDuplicated content

Proposed text

—(1) Subdivisions (2) and (3) of Division 1 of Part XIII of the Act do not apply to the dissemination to institutional investors and relevant persons of a preliminary document relating to an offer of post‑seasoning debentures if —(a)the front page of the document contains statements in bold lettering to the effect that —(i)it is a preliminary document and is subject to further amendments and completion;(ii)a person to whom a copy of the document is issued must not transfer it to any other person; and(iii)no offer or agreement to purchase or subscribe for any debentures may be made on the basis of the document; and (b)the preliminary document does not contain or have attached to it any form of application that will facilitate the making by any person of an offer of the debentures to which the preliminary document relates, or the acceptance of such an offer by any person.(2) In this regulation, a preliminary document is a document —(a)issued for the primary purpose of determining the issue or sale price and the number of debentures to be issued or sold; and(b)that contains all the information required to be included in a product highlights sheet under regulation 8, except where such information is not available or finalised at the time the preliminary document is disseminated to institutional investors and relevant persons.

What's the problem? (required)

Source link (optional)

Describe the problem (and edit the text or pick an issue type) to submit.

Suggestions are submitted anonymously. No account or personal information is required or sent.