Section 71: General requirements

71. General requirements (1) A prospectus shall provide full, true and plain disclosure of all material facts concerning the securities to be offered and the person offering the securities, without omitting anything that would be required to allow investors to make an informed assessment of— (a) the assets and liabilities, financial position, profits and losses and prospects of the issuer of the securities; and (b) the rights and liabilities attaching to the securities. (2) A prospectus shall contain— (a) the date of the prospectus, which shall be the date on which the prospectus is provisionally registered with the Commission; (b) a statement signed by all the directors of the issuer to the effect that they accept responsibility for the contents of the prospectus and that, to the best of their knowledge and belief, and after making reasonable inquiries, the prospectus complies with this Act, any regulations made under this Act or any FSC Rules; (c) such signatures as may be specified in FSC Rules; and (d) a statement to the effect that the Commission takes no responsibility for its contents. (3) A prospectus, or a simplified prospectus, where so authorised by FSC Rules, shall contain all such facts, statements and information as may be specified by FSC Rules.