Securities and Futures Act 2001 s 302A

s 302A Issue or transfer for no consideration

302A.—(1) Subdivisions (2) and (3) of this Division do not apply to an offer of units in a collective investment scheme (other than an offer of an option to subscribe for or purchase such units) if no consideration is or will be given for the issue or transfer of the units. (2) Subdivisions (2) and (3) of this Division do not apply to an offer of an option to subscribe for or purchase units in a collective investment scheme if —(a) no consideration is or will be given for the issue or transfer of the option; and (b) no consideration is or will be given for the underlying units on the exercise of the option.

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

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