Regulatory Alerts2021-01-01
Securities (Public Offers) (Amendment) Rules 2021
The Financial Services Commission issued these rules to amend the Securities (Public Offers) Rules 2007 by deleting paragraph (d) of item 43 and item 46 from Part VI of the schedule. The amendments remove specific regulatory provisions governing public securities offerings and take effect retroactively from 3 April 2021. Enacted under sections 93 and 155 of the Financial Services Act and Securities Act, the rules were formally made on 10 April 2021.
Nushrat iMac3/Govt Notices/2021/The Securities (Public Offers) (Amendment) Rules 2021 / 09.04.2021_1st Proof Nushrat iMac3/Govt Notices/2021/The Securities (Public Offers) (Amendment) Rules 2021 / 09.04.2021_1st Proof Government Notices 2021 1449 Government Notice No. 89 of 2021 THE SECURITIES ACT FSC Rules made by the Financial Services Commission under section 93 of the Financial Services Act and section 155 of the Securities Act
- These Rules may be cited as the Securities (Public Offers) (Amendment) Rules 2021.
- In these Rules, “principal rules” means the Securities (Public Offers) Rules 2007.
- The principal rules are amended in PART VI of the SCHEDULE by deleting the following – (i) paragraph (d) of item 43; and (ii) item 46.
- These Rules shall be deemed to have come into operation on 3 April 2021. Made by the Financial Services Commission on 10 April 2021. By Authority: Government Printing Department, La Tour Koenig 46/04/2021 – 1070