These guidelines for shares and debentures set out the nature of a personal offer as well as whether a relationship would be considered a “personal offer” under section 272A(1) of the Securities and Futures Act (Cap. 289) .

They cover:

  • Statutory requirements.
  • Policy objective of the small offers exemption.
  • Nature of a personal offer.
  • Relationships that would and would not satisfy the "personal offer" test.
  • Proper records and documentation of offers.