Regulatory Alerts2020-01-01
Financial Services Commission Guidelines for Exempt Distributions
The Financial Services Commission of Jamaica issued these guidelines to define the requirements for securities distributions exempt from prospectus registration under the Securities Act. The document establishes specific exemptions for accredited investors, minimum purchase amounts, highly-rated debt, and private issuers, while mandating pre-notification via Form XD F-1 and post-trade reporting via Form XD F-2. It further regulates marketing activities, imposes resale restrictions including a six-month holding period, and requires compliance with the Companies Act for all exempt distributions.
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