Consultation Paper II on Draft Regulations Pursuant to the Securities and Futures Act
Proposed legislative amendments to:
(a)introduce certain licensing exemptions, and business conduct requirements for dealing in OTC derivatives contracts, and to enhance requirements on protection of customers’ moneys and assets; and
(b)the Securities and Futures (Offers of Investments) (Shares & Debentures) Regulations 2005 for purposes of implementing changes to Part XIII of the Securities and Futures Act.
Sets out the requirements for an offer of securities or securities-based derivatives contracts, including amongst others, the prescribed contents of a prospectus or other offer documents, and certain legislative exemptions.