A prospective Catalist company must produce an "Offer Document". We have obtained an exemption from the Monetary Authority of Singapore (MAS) from the relevant sections in the Securities & Futures Act (SFA), such that an offer of securities on Catalist will not require a prospectus. However, the Offer Document will be subject to the same disclosure requirements as a prospectus and provisions relating to civil and criminal liability in the SFA will still apply to an Offer Document. The requirement to lodge and register the Offer Document with MAS will no longer apply. Instead, Offer Documents and Offer Information Statements (for offer of securities by listed companies subsequent to IPO) will be posted on SGX's Catalodge website, for a period of at least 14 days. This will provide an avenue for the public to air any serious concerns they may have, and act as an additional safeguard.