105. Section 305B of the principal Act is amended —
by deleting paragraph (b) of subsection (1) and substituting the following paragraph:
the offer is made in or accompanied by the offer information statement referred to in paragraph (a); or
all the conditions in subsection (2A) are satisfied.”; and
by deleting subsection (2) and substituting the following subsections:
“(2) Subsection (1) shall only apply to an offer of units referred to in that subsection made within a period of 6 months from the date the offer information statement relating to that offer is lodged with the Authority.
(2A) The conditions referred to in subsection (1)(b)(ii) are —
the offer is made using any automated teller machine or such other electronic means as may be prescribed by the Authority;
the automated teller machine or prescribed electronic means indicates to a prospective subscriber or buyer —
how he can obtain, or arrange to receive, a copy of the offer information statement in respect of the offer; and
that he should read the offer information statement before submitting his application,
before enabling him to submit any application to subscribe for or purchase units in the collective investment scheme; and
the person making the offer complies with such other requirements as the Authority may prescribe.”.