Regulatory Alerts2022-01-01
Consultation Paper: Amendments to the Guidelines for Exempt Distributions
The Financial Services Commission of Jamaica issued this consultation paper to amend the Guidelines for Exempt Distributions, aiming to provide clarity and enhance the regulatory framework for securities issued via exempt distributions. The proposed changes introduce stricter requirements for pre-notification, due diligence on accredited investors, and the maintenance of basic records, while also incorporating new reporting forms for outstanding exempt distributions. These amendments seek to address the significant growth in exempt funding by establishing clearer timelines for credit rating reports, filing deadlines, and marketing restrictions to ensure investor protection and market transparency.
Share