Section 102 Investments and Securities Act

Section 102 of the Investments and Securities Act 2025 is about Exemption from application of provisions relating to prospectus in certain cases. It is under Part IX (Regulation of Securities) of the Act. It provides as follows:

The provisions of sections 99 and 101 of this Act shall not apply to an issue —
(a) made to the existing members of a company or to a prospectus or form of application relating to shares in the company whether or not an applicant for shares has the right to renounce in favour of other persons; or

(b) of a prospectus or form of application relating to securities which are to be in all respects uniform with securities previously issued and for the time being dealt in or quoted on a securities exchange.