Regulatory Alerts2020-01-01
Securities (Solicitation) Rules 2020
The Financial Services Commission promulgated the Securities (Solicitation) Rules 2020 to exempt designated license holders from Section 31 of the Securities Act 2005. These rules specifically remove solicitation restrictions for holders of Trading Securities Systems Licences and Robotic and Artificial Intelligence Enabled Advisory Services Licences. Effective 11 June 2020 and updated by Government Notice No. 131 of 2021, the regulations facilitate automated trading and AI-driven advisory operations by clarifying their regulatory obligations.
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