Regulations for all Capital Markets Services

Are all issuances of capital markets products required to be accompanied by a prospectus?


  • There are certain safe harbour provisions under the Securities and Futures Act 2001 which, if fully complied with, allow for an exemption of the relevant issuer from the requirement to issue a prospectus. The more commonly used exemptions include the private placement exemption, small offers exemption, accredited/institutional investor exemption. It should be noted that each exemption comes with certain conditions (all of which must be fulfilled), including no public advertisements made for the offer of the investment.