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Regulations for Offers of Securities (prospectus requirements)

Must an offeror of securities display cautionary statements on the internet?


  • According to MAS (Guidelines),
    last revised on 07 October 2020

    5.1 For offers made through the Internet, the offeror should ensure that cautionary statements are displayed to a potential investor before the potential investor is able to apply to subscribe for the securities, securities-based derivatives contracts or units in a CIS. The cautionary statements should warn the potential investor that –

    (a) all investments come with risk, including the risk that the investor may lose all or part of his investment;

    (b) the potential investor is responsible for his own investment decisions; and

    (c) the potential investor should read the prospectus, offer information statement and product highlights sheet (as applicable) before making the application to subscribe for the securities, securities-based derivatives contracts or units in a CIS.