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Knowledge Centre

Regulations for Offers of Business Trusts

Exemption from requirements for offers of business trusts

  • Registration and prospectus requirements may be exempted under certain criteria. 

    According to MAS (Pages)

    Exempted Offers
    Registration of a BT and prospectus registration requirements do not apply to certain offers of units in or derivatives of units in a BT (“exempted offers ”). These offers include:

    • Offers where the minimum transaction amount is S$200,000
    • Small Offers – Total amount raised is S$5 million or less in 12 months
    • Private Placement – Offers made to no more than 50 persons in 12 months
    • Offers targeted at accredited or institutional investors

    Exempted Offers are subject to certain conditions, e.g., no advertising, and specific disclosures to investors. You may refer to Subdivision 4 of Division 1, Part 13 of the Securities and Futures Act 2001 for more information.