SERVING THE PUBLIC,
- PROTECTING CONSUMERS
- Financial Advisory Industry Review
- Encouraging Prudent Borrowing and Lending Behaviour
- Enhancing Prospectus Disclosure Rules for Securities Offers
ENHANCING PROSPECTUS DISCLOSURE RULES FOR SECURITIES OFFERS
Improving the Readability of Prospectuses
On 7 July 2015, MAS published a set of guidelines on good drafting practices for prospectuses. The guidelines encourage and provide guidance to issuers and their professional advisers on the use of plain English and the presentation of information in prospectuses in a clear, concise and logical manner. The guidelines apply to all prospectuses and profile statements lodged with MAS from 1 February 2016. Issuers and their advisers are also encouraged to follow the guidelines' principles for other types of offer disclosure documents.