Regulatory Alerts2019-01-01
Order to Exempt Compliance with Provisions Relating to the Issuance of Prospectus for Exchange Traded Funds
The Securities Commission issued this order on 2 January 2019 to exempt issuers of exchange-traded funds from specific prospectus compliance requirements under the Capital Markets and Services Act 2007. The exemption relieves issuers from complying with paragraph 236(1)(a) regarding information disclosure, subsection 238(6) concerning the replacement of registered prospectuses, and subparagraph 239(2)(a)(ii) relating to the applicant. These provisions allow the Securities Commission to specify disclosure manners in ETF Guidelines and apply only where a new prospectus is replaced before public issuance or relates to the applicant.
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