Regulatory Alerts2005-10-15
Added
Monetary Authority of Singapore Guidelines on Disclosure of Financial Information in Prospectuses for Business Trusts
The Monetary Authority of Singapore issued these guidelines to clarify regulatory objectives regarding the disclosure of financial information in business trust prospectuses under the Securities and Futures Act. The document specifies requirements for presenting audited and interim financial statements, including rules for tabular extraction, alternative accounting standards, and mandatory auditor reviews. It further details obligations for disclosing changes in accounting policies, trend information, and profit forecasts, including the need for expert opinions on underlying assumptions.
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