An introduction may not be permitted if an issuer has made an offer of securities in Singapore within six months before its listing application. An issuer is also not permitted to make any offer of securities in Singapore within three months after its listing. This rule does not apply to offers of securities that fall under Division 1, Subdivision (4) (excluding section 277) or Division 2, Subdivision (4) (excluding section 305B) of Part 13 of the SFA.

Amended on 29 October 2025.