Must an offeror of securities display cautionary statements on the internet?
According to MAS (Guidelines),
last revised on 07 October 2020
5.1 For offers made through the Internet, the offeror should ensure that cautionary statements are displayed to a potential investor before the potential investor is able to apply to subscribe for the securities, securities-based derivatives contracts or units in a CIS. The cautionary statements should warn the potential investor that –
(a) all investments come with risk, including the risk that the investor may lose all or part of his investment;
(b) the potential investor is responsible for his own investment decisions; and
(c) the potential investor should read the prospectus, offer information statement and product highlights sheet (as applicable) before making the application to subscribe for the securities, securities-based derivatives contracts or units in a CIS.