Are certain offers of securities exempted from prospectus requirements?
Prospectus registration requirements do not apply to certain offers of securities or securities-based derivatives contracts (“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