Regulations for Offers of Business Trusts

In order for a business trust to offer units/derivatives, it must be registed with MAS (if constituted in Singapore), and must contain a prospectus and product highlights sheet. 

According to MAS (Pages)

Offers of units or derivatives of units in a BT to investors in Singapore are regulated under Division 1 of Part XIII of the SFA .

Unless otherwise exempted, an offer of units or derivatives of units in a BT must comply with the following requirements:

• A BT must be registered by MAS if it is constituted in Singapore
• The offer of units or derivatives of units in a BT must be made in or accompanied by a MAS-registered prospectus and product highlights sheet

You may apply for the registration of a BT using Form 2 on OPERA.