Singapore Statutes Online - 289 - Securities and Futures Act

248 Exemption for certain governmental and international entities as regards signing of copy of prospectus or profile statement by all directors or equivalent persons

249 Expert’s consent to issue of prospectus or profile statement containing statement by him

249A Consent of issue manager and underwriter to being named in prospectus or profile statement

250 Duration of validity of prospectus and profile statement

251 Restrictions on advertisements, etc.

252 Persons liable on prospectus or profile statement to inform person making offer about certain deficiencies

253 Criminal liability for false or misleading statements

254 Civil liability for false or misleading statements

255 Defences

256 (Repealed)

257 Document containing offer of securities for sale deemed prospectus

258 Application and moneys to be held in trust in separate bank account until allotment

259 Allotment of securities where prospectus indicates application to list on securities exchange

260 Prohibition of allotment unless minimum subscription received

Subdivision 3 Debentures

261 Preliminary provisions

262 Offer of asset-backed securities

263 (Repealed)

264 (Repealed)

265 Power of court in relation to certain irredeemable debentures

266 Duties of trustees

267 Powers of trustee to apply to court for directions, etc.

267A Right of Authority, securities exchange and holders of debentures to apply to court for order

268 Obligations of borrowing entity

269 Obligation of guarantor entity to furnish information

270 Loans and deposits to be immediately repayable on certain events

271 Liability of trustees for debenture holders

Subdivision 4 Exemptions

272 Issue or transfer of securities for no consideration

272A Small offers

272B Private placement

273 Offer made under certain circumstances

274 Offer made to institutional investors

275 Offer made to accredited investors and certain other persons

276 Offer of securities acquired pursuant to section 274 or 275

277 Offer made using offer information statement

278 Offer in respect of international debentures

279 Offer of debentures made by Government or international financial institutions

280 Making offer using automated teller machine or electronic means

281 Revocation of exemption

282 Transactions under exempted offers subject to Division 2 of Part XII of Companies Act and Part XII of this Act

Division 1A — Business Trusts

Subdivision 1 Interpretation

282A Preliminary provisions

282B Division not to apply to certain business trusts which are collective investment schemes

282BA Modification of provisions to certain offers

Subdivision 2 Prospectus requirements

282C Requirement for prospectus and profile statement, where relevant

282D Lodging supplementary document or replacement document

282E Stop order for prospectus and profile statement

282F Contents of prospectus

282G Contents of profile statement

282H Exemption from requirements as to form or content of prospectus or profile statement

282I Expert’s consent to issue of prospectus or profile statement containing statement by him

282J Consent of issue manager and underwriter to being named in prospectus or profile statement

282K Duration of validity of prospectus and profile statement

282L Restrictions on advertisements, etc.

282M Persons liable on prospectus or profile statement to inform person making offer about certain deficiencies

282N Criminal liability for false or misleading statements

282O Civil liability for false or misleading statements

282P Defences

282Q Document containing offer of units or derivatives of units for sale deemed prospectus

282R Application and moneys to be held in trust in separate bank account until allotment

282S Allotment of units or derivatives of units where prospectus indicates application to list on securities exchange

282T Prohibition of allotment unless minimum subscription received

Subdivision 2A Recognised business trusts

282TA Power of Authority to recognise business trusts constituted outside Singapore

282TB Power of Authority to impose conditions or restrictions

282TC Revocation, suspension or withdrawal of recognition

Subdivision 3 Exemptions

282U Issue or transfer of units or derivatives of units for no consideration

282V Small offers

282W Private placement

282X Offer made under certain circumstances

282Y Offer made to institutional investors

282Z Offer made to accredited investors and certain other persons

282ZA Offer of securities acquired pursuant to section 282Y or 282Z

282ZAA Offer of units converted from debentures

282ZB Offer made using offer information statement

282ZC Making offer using automated teller machine or electronic means

282ZD Revocation of exemption

282ZE Transactions under exempted offers subject to Division 2 of Part XII of Companies Act and Part XII of this Act

Subdivision 4 Debentures

282ZF Applicability of provisions relating to prospectus requirements

Division 2 — Collective Investment Schemes

Subdivision 1 Interpretation

283 Interpretation of this Division

283A Use of term "real estate investment trust"

284 Code on Collective Investment Schemes

284A Authority may disapply this Division to certain offers and invitations

284B Division not to apply to certain collective investment schemes which are business trusts

284C Modification of provisions to certain offers

Subdivision 2 Authorisation and recognition

285 Requirement for authorisation or recognition

286 Authorised schemes

287 Recognised schemes

288 Revocation, suspension or withdrawal of authorisation or recognition

289 Approval of trustees

290 Inspection of approved trustees

291 Duty of trustees to furnish Authority with such return and information as Authority requires

292 Liability of trustees

292A Disqualification or removal of director or executive officer

292B Information of insolvency, etc.

292C Interpretation of sections 292C to 292H

292D Action by Authority if approved trustee unable to meet obligations, etc.

292E Effect of assumption of control under section 292D

292F Duration of control

292G Responsibilities of officers, member, etc., of approved trustee

292H Remuneration and expenses of Authority and others in certain cases

293 Authority may issue directions

294 Service

295 Winding up

295A Power to acquire units of participants of real estate investment trust in certain circumstances

295B Unclaimed money to be paid to Official Receiver

295C Remedies in cases of oppression or injustice

Subdivision 2A Voluntary transfer of business of approved trustee

295D Interpretation of this Subdivision

295E Voluntary transfer of business

295F Approval of transfer

Subdivision 3 Prospectus requirements

296 Requirement for prospectus and profile statement, where relevant

297 Stop order for prospectus and profile statement

298 Lodging supplementary document or replacement document

299 Duration of validity of prospectus and profile statement

300 Restrictions on advertisements, etc.

301 Issue of units where prospectus indicates application to list on securities exchange

302 Application of provisions relating to securities

Subdivision 4 Exemptions

302A Issue or transfer for no consideration

302B Small offers

302C Private placement

303 Offer or invitation made under certain circumstances

304 Offer made to institutional investors

304A First sale of units acquired pursuant to section 304

305 Offer made to accredited investors and certain other persons

305A First sale of units acquired pursuant to section 305

305B Offer made using offer information statement

305C Making offer using automated teller machine or electronic means

306 Power of Authority to exempt

307 Revocation of exemption

308 Transactions under exempted offers subject to Division 2 of Part XII of Companies Act and Part XII of this Act

Division 3 — Securities Hawking

309 Securities hawking prohibited

Part XIV APPEALS

310 Appeals to Minister

311 Appeal Advisory Committees

312 Disclosure of information

313 Regulations for purposes of this Part

Part XV MISCELLANEOUS

314 (Repealed)

315 (Repealed)

316 Opportunity to be heard

317 Records

318 Size, durability and legibility of records delivered to Authority

318A Translation of instruments

319 Supply of magnetic tapes — exclusion of liability for errors or omissions

320 Appointment of assistants

321 Codes, guidelines, etc., by Authority

322 Power of Authority to publish information

323 (Repealed)

324 Power of court to prohibit payment or transfer of moneys, securities, etc.

325 Power of court to make certain orders

326 Injunctions

327 Criminal jurisdiction of District Court

328 Falsification of records by officer, employee or agent of relevant person

329 Duty not to furnish false information to Authority

330 Duty not to furnish false statements to securities exchange, futures exchange, designated clearing house and Securities Industry Council

331 Corporate offenders and unincorporated associations

332 Offences by officers

333 Penalties for corporations

334 Power of Authority to reprimand for misconduct

335 General penalty

336 Proceedings with consent of Public Prosecutor and power to compound offences

337 Exemption

338 Power to make regulations giving effect to treaty, etc., relating to securities or futures

339 Extra-territoriality of Act

340 Amendment of Schedules

341 Regulations

342 Regulations to apply Act to persons and matters previously regulated under Commodity Trading Act

FIRST SCHEDULE Market

SECOND SCHEDULE Regulated Activities

THIRD SCHEDULE Specified Persons

FOURTH SCHEDULE Specified Provisions

Legislative Source Key

Legislative History

Comparative Table

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On 25/05/2013, you requested for the version in force on 25/05/2013 incorporating all amendments published on or before 25/05/2013. The closest version currently available is that of 18/04/2013.

314. [Repealed by Act 1/2005]