No. S 241
Securities and Futures Act 2001
(Act 42 of 2001)
Securities and Futures (Offers of Investments) (Collective Investment Schemes) Regulations 2002
In exercise of the powers conferred by sections 286, 287, 289, 296, 300, 305, 337, 341 and 344 of the Securities and Futures Act 2001, the Monetary Authority of Singapore hereby makes the following Regulations:
PART I
PRELIMINARY
Citation and commencement
1.  These Regulations may be cited as the Securities and Futures (Offers of Investments) (Collective Investment Schemes) Regulations 2002 and shall come into operation on 1st July 2002.
Definitions
2.—(1)  In these Regulations, unless the context otherwise requires —
“appointed date” means the date of commencement of Part XIII of the Act;
“approved trustee” means a public company approved by the Authority under section 289(1) of the Act to act as a trustee for collective investment schemes;
“existing scheme” means a collective investment scheme in respect of which an offer of units in the scheme to the public for subscription or purchase, or an invitation to the public to subscribe for or purchase units in the scheme, has previously been made, whether in Singapore or elsewhere;
“new scheme” means a collective investment scheme in respect of which an offer of units in the scheme to the public for subscription or purchase, or an invitation to the public to subscribe for or purchase units in the scheme, has not previously been made, whether in Singapore or elsewhere;
“old law” means the Companies Act (Cap. 50) in force immediately before the appointed date;
“responsible person”, in relation to a restricted scheme, means —
(a)in the case of a scheme which is authorised under paragraph 2 of the Fifth Schedule, the manager for the scheme;
(b)in the case of a scheme which is recognised under paragraph 3 of the Fifth Schedule —
(i)where the scheme is constituted as a corporation, the corporation; and
(ii)where the scheme is not constituted as a corporation, the manager for the scheme;
“restricted authorised scheme” means a restricted scheme which is constituted in Singapore and authorised under paragraph 2 of the Fifth Schedule;
“restricted recognised scheme” means a restricted scheme which is constituted outside Singapore and recognised under paragraph 3 of the Fifth Schedule;
“restricted scheme” means a collective investment scheme, whether constituted in Singapore or elsewhere, in respect of which an offer of units in the scheme for subscription or purchase, or an invitation to subscribe for or purchase units in the scheme, is made to a sophisticated investor and which satisfies section 305 (1) (i) to (iv) of the Act.
(2)  Any word or expression used in these Regulations which is defined in section 283 of the Act shall, unless the context otherwise requires, have the same meaning as in that section.
Forms
3.—(1)  A document required to be lodged with the Authority under Division 2 of Part XIII of the Act or these Regulations shall, subject to paragraph (2), be lodged together with the relevant form specified in the First Schedule.
(2)  Where there is no relevant form specified in the First Schedule for the document, the document shall —
(a)if it is a prospectus or profile statement or an amendment to a prospectus or profile statement, a supplementary document, a replacement document or an information memorandum, be lodged together with Form 6 in the First Schedule; or
(b)if it is any other document, be lodged together with Form 7 in the First Schedule.
Directions in forms
4.  A form prescribed by these Regulations shall be completed in accordance with such directions as may be prescribed in the form or as the Authority may specify.
Fees
5.  The fees specified in the Second Schedule shall be payable to the Authority for the purposes specified therein, and shall not be refundable.

Made this 21st day of May 2002.

KOH YONG GUAN
Managing Director,
Monetary Authority of
Singapore.
[FSG CFD 016/99; AG/LEG/SL/288A/2001/1 Vol. 1]