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Exemption for presentations on prospectus, etc., in respect of GLB offer or intended GLB offer

Securities and Futures (Offers of Investments) (Exemption from Restrictions on Advertisements) Regulations 2026

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—(1) A person (X) is exempt from section 251(1) of the Act in relation to any presentation of any oral or written material on matters contained in a prospectus or profile statement to be lodged with the Authority in respect of a GLB offer or intended GLB offer, if —(a)the presentation is made before the prospectus or profile statement is so lodged;(b)the presentation is made for the sole purpose of equipping any of the persons mentioned in paragraph (2) with knowledge of the securities or securities‑based derivatives contracts that are or are to be the subject of the GLB offer or intended GLB offer, so as to enable the person to —(i)carry on the regulated activity of dealing in capital markets products that are securities or securities‑based derivatives contracts; or (ii)provide any financial advisory service in relation to those securities or securities‑based derivatives contracts; and(c)the conditions in paragraph (3) are satisfied.(2) For the purpose of paragraph (1)(b), the persons are —(a)a person licensed under the Act in respect of dealing in capital markets products that are securities or securities‑based derivatives contracts;(b)an exempt person;(c)a person who is a representative under the Act in respect of dealing in capital markets products that are securities or securities‑based derivatives contracts;(d)a representative of an exempt person;(e)a person licensed under the Financial Advisers Act 2001 in respect of advising on any investment product;(f)an exempt financial adviser;(g)a person who is a representative under the Financial Advisers Act 2001 in respect of advising on any investment product; and(h)a representative of an exempt financial adviser.(3) For the purpose of paragraph (1)(c), the conditions are —(a)X states in the oral or written material (as the case may be) that the matters mentioned in paragraph (1) are subject to further amendments and completion in the prospectus to be registered by the Authority; (b)X states in the oral or written material (as the case may be) that a person to whom the material is presented must not disclose or circulate it to any other person; and(c)X states in the oral material, or in bold lettering in the written material (as the case may be), that no offer or agreement may be made on the basis of such material to purchase or subscribe for any securities or securities-based derivatives contracts to which the material relates.(4) Any term in this regulation that is defined in section 239(1) or 251(18A) of the Act has the meaning given to that term in that provision.(5) In this regulation, “GLB offer” has the meaning given by regulation 2(1) of the Securities and Futures (Part 13A) (Global Listing Board and U.S. Exchange) Regulations 2026 (G.N. No. S 426/2026).

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