Regulatory Alerts2023-01-01
Securities (Preferential Offer) (Amendment) Rules 2023
The Financial Services Commission has amended the Securities (Preferential Offer) Rules 2017 to redefine "issuer" and exempt debt securities issued under private agreements or governed by public offer rules. The amendments require issuers to register debt security offers with the Commission at least fourteen days prior to issuance and submit retrospective data for securities outstanding between August 2016 and October 2023. Compliance is enforced through newly added schedules detailing pricing, investor allocations, and director acknowledgments.
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