Regulations for Offers of Securities (prospectus requirements)
What is the prospectus registration process?
After lodgment
- Public exposure of prospectus on MAS' website (OPERA)
- Public can submit comments on lodged prospectus to MAS
- MAS' regulatory review
- Issuer can conduct roadshow presentations to institutional and accredited investors and commence book-building exercise
Registration
MAS will register prospectus within 7-21 days of lodgment unless:
- MAS extends time period (max. 28 days)
- Issuer requests registration at later date
- MAS decides to refuse registration
Issuer can launch offer and distribute registered prospectus after registration