Regulatory Alerts2016-06-08
Added
Guidelines on the Advertising Restrictions in Sections 272A, 272B and 275
The Monetary Authority of Singapore issues these guidelines to clarify the advertising restrictions applicable to exempted offers of securities under the Securities and Futures Act. The document mandates that communications regarding such offers must be confined to factual information and directed exclusively to qualified persons, prohibiting any content that calls attention to the offer for the general public. Specific rules govern crowd-funding platforms, distinguishing between restricted and unrestricted access models to ensure compliance with these prohibitions.
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