Section 12

After a prospectus is approved by the Authority, it must be filed with the Authority and made available to the public as soon as practicable, and in any case, at a reasonable time, before the making of the public offering or before the admission to trading of the securities.

In the case of an initial public offering of a class of shares not already admitted to trading and that is to be admitted to trading for the first time, the prospectus must be made available to the public at least 6 business days before the end of the public offering.

A prospectus is deemed available to the public for the purposes of this regulation when published either-

{a)

by insertion in one or more newspapers widely circulated m

Brunei Darussalam;

{b)

in a printed form to be made available, free of charge, to the public at the offices of the regulated market on which the securities are being admitted for trading;

{c)

at the registered office of the issuer and at the offices of any underwriter; or

{d)

in an electronic form on the website of the issuer, the underwriter or the regulated market.

If the prospectus is made available by publication in an electronic form, a hard copy must nevertheless be delivered to the investor by the issuer, upon his request and free of charge.

A prospectus is valid for 12 months after its publication for a public offering or an admission to trading, provided the prospectus is updated by a supplementary prospectus, if required by these Regulations.

A registration form is valid for 12 months after it is filed provided that it has been updated in accordance with these Regulations.

Publication of list of prospectuses as Authority directs.