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← Securities and Futures Act 2001

Securities and Futures Act 2001 s 246

s 246 Contents of profile statement

246.—(1) A profile statement for an offer of securities or securities‑based derivatives contracts must contain —(a) the following particulars:(i) identification of the person making the offer; (ia) where the person making the offer is not the issuer, identification of the issuer and, where applicable, the underlying entity; (ib) in the case of an offer of securities or securities‑based derivatives contracts being units or derivatives of units in a business trust, identification of the business trust, the trustee‑manager of the business trust and the issuer; (ii) identification of the persons signing the profile statement; (iii) the nature of the securities or securities‑based derivatives contracts; (iv) the nature of the risks involved in investing in the securities or securities‑based derivatives contracts; (v) details of all amounts payable in respect of the securities or securities‑based derivatives contracts (including any amount by way of fee, commission or charge); (b) a statement that copies of the prospectus are available for collection at the times and places specified in the profile statement; and (c) a statement that the persons referred to in section 240(4A) who have signed the profile statement are satisfied that the profile statement contains a fair summary of the key information in the prospectus.[4/2017] (2) A profile statement must not contain —(a) any statement that is false or misleading in the form and context in which it is included; (b) any material information that is not contained in the prospectus; and (c) any material information that differs in any material particular from that set out in the prospectus. (3) For the purposes of subsection (2)(a), the reference to a statement includes a reference to any information presented, regardless of whether such information is in text or otherwise.

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Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. Read the official text ↗

Source: Singapore Statutes Online (Attorney-General's Chambers), © Government of Singapore.

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