Section 14
! 1)
of Securities Markets Regulations, 2015
An advertisement relating to an offering or to an admission to trading under the Order, shall not be issued unless it has been approved by a holder of a capital markets services licence and -
{a}
it states that a prospectus has been or will be published and indicates where investors can obtain it;
(b}
it is clearly recognisable as an advertisement;
{c}
the information in the advertisement is accurate and not misleading; and
{d}
the information in the advertisement is consistent with the information contained in the prospectus, if already published, or with the information required to be in the prospectus, if the prospectus is to be published later.
(2)
A written advertisement must contain a bold and prominent statement to the effect that it is not a prospectus but an advertisement and investors should not subscribe for any securities referred to in the advertisement except on the basis of the information in the prospectus.
(3)
In this regulation, "advertisement" includes all information concerning an offering or an admission to trading disclosed in an oral or written form !even if not for advertising purposes), and must be consistent with that contained in the prospectus.
(4)
Types of advertisements may include advertisements made through-
{a}
an addressed or an unaddressed printed matter;
182
12th.
12015
(bj an electronic message or advertisement received via a mobile telephone or pager;
(c)
a standard letter;
(dj a press advertising with or without order form;
(e)
a catalogue;
({)
a telephone with or without human intervention;
(g)
seminars and presentations;
(h)
radio and television;
(i)
electronic mail;
UJ facsimile (fax);
(k)
~rochure; and
(l)
web posting including internet banners.
New factor, material mistake and inaccuracy in prospectus.