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305.   Contents of prospectus

Revised Laws of Saint Lucia (2022)

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305.   Contents of prospectus

The following requirements apply to a prospectus—

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    (a)     the prospectus shall be dated; and that date, unless there is proof to the contrary, is to be taken as the date of issue of the prospectus;

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    (b)     one copy of the prospectus shall be lodged with the Registrar, and the prospectus shall set out that a copy of the prospectus has been so lodged, and immediately state thereafter that the Registrar takes no responsibility as to the validity or veracity of its contents;

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    (c)     the prospectus shall contain a statement that shares and debentures, or either, are not to be allotted on the basis of the prospectus later than 3 months after the date of issue of the prospectus;

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    (d)     the prospectus shall, if it contains any statement by an expert made or contained in what purports to be a copy of or extract from a report, memorandum or valuation, of an expert, state the date on which the statement, report, memorandum or valuation was made, and whether or not it was prepared by the expert for incorporation in the prospectus;

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    (e)     the prospectus shall disclose any commission payable by virtue of section 50; and

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    (f)     the prospectus shall contain such other matters as are prescribed.

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