Regulatory Alerts2022-01-01
Guidelines for Exempt Distributions
The Financial Services Commission of Jamaica issued these guidelines to replace previous regulations and define the requirements for securities distributions exempt from prospectus registration. The document outlines specific exemptions for accredited investors, high-net-worth individuals, highly-rated debt, and private issuers, while mandating strict pre-notification and due diligence procedures. Issuers and licensed dealers must submit formal notices, offering memoranda, and periodic reports to the Commission to ensure compliance with marketing restrictions and record-keeping obligations.
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