Regulatory Alerts2014-01-01
Securities (Disclosure Obligations of Reporting Issuers) (Amendment) Rules 2014
The Financial Services Commission issued the Securities (Disclosure Obligations of Reporting Issuers) (Amendment) Rules 2014 to modify existing disclosure requirements for reporting issuers. The amendment inserts a formal definition for Exchange Traded Funds and explicitly exempts them from specific disclosure provisions under Rule 8. It further amends Rule 16A to exclude foreign investment transactions executed on foreign securities exchanges, with the rules taking effect on 22 December 2014.
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