Exemption from requirements for offers of business trusts
Registration and prospectus requirements may be exempted under certain criteria.
Registration of a BT and prospectus registration requirements do not apply to certain offers of units in or derivatives of units in a BT (“exempted offers ”). These offers include:
- Offers where the minimum transaction amount is S$200,000
- Small Offers – Total amount raised is S$5 million or less in 12 months
- Private Placement – Offers made to no more than 50 persons in 12 months
- Offers targeted at accredited or institutional investors
Exempted Offers are subject to certain conditions, e.g., no advertising, and specific disclosures to investors. You may refer to Subdivision 4 of Division 1, Part 13 of the Securities and Futures Act 2001 for more information.