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Exemption for offer of units in collective investment scheme made in physical document

Securities and Futures (Offers of Investments) (Temporary Exemption from Sections 277(1)(c) and 305B(1)(b)) Regulations 2020

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—(1) An offer of units in a collective investment scheme whose units are listed for quotation on an approved exchange (whether by means of a rights issue or otherwise) is exempt from section 305B(1)(b) of the Act if the conditions specified in paragraph (2) are satisfied.(2) The conditions are that —(a)the offer information statement relating to the offer is —(i)published on SGXNET and the website of the responsible person of the collective investment scheme (if available); and (ii)capable of being printed by a person to whom the offer is made; (b)the offer is made in a physical document; and(c)the physical document mentioned in sub‑paragraph (b) —(i)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 units in the collective investment scheme;(ii)states that the offer information statement is available online; and(iii)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.

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