Regulatory Alerts2011-02-09
Added
Securities And Futures (Offers Of Investments) (Exemption From Subdivisions (2) and (3) Of Division 1 Of Part XIII For REIT Bonds) Regulations 2011
The Monetary Authority of Singapore issued these regulations to exempt specific REIT bond offerings from subdivisions (2) and (3) of Division 1 of Part XIII of the Securities and Futures Act. This exemption applies to offers of securities and securities-based derivatives contracts made to the public, thereby relieving REIT managers of certain regulatory requirements for these instruments. The regulations facilitate the issuance of REIT bonds by providing a targeted exemption from the general prospectus requirements under the specified subdivisions.
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