What are Securities and Securities-based Derivatives Contracts
Securities generally means shares, units in a business trust or debentures.
Securities-based derivatives contract means any derivatives contract of which the underlying or any of the underlying is a security or a securities index.
Requirements for Offers
Offers of securities or securities-based derivatives contracts to investors in Singapore are regulated under
Division 1 of Part XIII of the SFA .
Unless otherwise exempted, the SFA requires all offers of securities or securities-based derivatives contracts to be accompanied by a prospectus and product highlights sheet registered with MAS.
Exempted Offers
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
Key Resources
For details of the relevant requirements and available exemptions, refer to:
Please refer to
Regulations and Guidelines for a full list of the relevant regulations and guidelines relating to offers of securities or securities-based derivatives contracts.
Offers Securities and Securities-based Derivatives Contracts
Find prospectuses for offers of shares and debentures here: