Regulatory Alerts2021-01-01
Securities (Exemption) Rules 2021
The Financial Services Commission issued the Securities (Exemption) Rules 2021 to exempt specific entities from designated provisions of the Securities Act. Closed-end funds authorized as real estate investment trusts are exempt from Section 88 of Part V, while crowdfunding licence holders receive a blanket exemption from all provisions. These exemptions commenced on 4 September 2021 and apply to the categories of persons specified in the accompanying schedule.
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