Singapore legislation

Regulation 8

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

Regulation 8

Product highlights sheet

Amended byS 635/2018 wef 08/10/2018S 635/2018 wef 08/10/2018

Subregulation 1

The product highlights sheet must contain all the information in the Schedule and be prepared in accordance with the format in that Schedule.

Subregulation 2

The information (including footnotes and references) to be contained in the product highlights sheet under paragraph (1) —

(a)

must be clearly legible; and

(b)

must be in a font size of at least 10‑point Times New Roman or equivalent.

Subregulation 3

Amended byS 635/2018 wef 08/10/2018S 635/2018 wef 08/10/2018

The product highlights sheet must be —

(a)

where the offer of debentures concerned is not a BT offer or a REIT offer, and the shares of the offeror entity or (if the debentures are to be the subject of a guaranteed debenture issue) either the shares of the offeror entity or the guarantor entity are listed on an approved exchange, not more than 8 pages;

(b)

where the offer of debentures concerned is a BT offer or a REIT offer, and the units of the business trust or REIT are listed on an approved exchange, not more than 8 pages; or

(c)

in all other cases, not more than 12 pages.

Subregulation 4

For the purposes of paragraph (3) —

(a)

if the product highlights sheet is printed on both sides, each sheet counts as 2 pages; and

(b)

a page must be no more than 297 millimetres in length and 210 millimetres in breadth (A4 paper size).

Regulation 8 — Securities and Futures (Offers of Investments) (Exemption for Offers of Post-seasoning Debentures) Regulations 2016