Regulatory Alerts2016-07-19
Order to Exempt Compliance with Provisions Relating to Issuance of Prospectus for Unit Trust Scheme
The Securities Commission introduced an Enhanced Unit Trust Framework on 19 July 2016 to establish a more efficient regulatory regime for unit trusts. This order exempts issuers from specific Capital Markets and Services Act 2007 requirements regarding prospectus content, replacement procedures, and supplementary disclosures. The exemption provisions officially come into effect on 15 August 2016.
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