Regulatory Alerts2021-11-10
Added · Updated
FM.S.3.4 – Information about an Issuer and Securities being issued
The Namibia Financial Institutions Supervisory Authority issued Standard FM.S.3.4 to mandate regulated persons and issuers to provide comprehensive issuer and securities information to clients or potential clients during security sales. The standard specifies mandatory disclosures regarding issuer background, financial statements, capital structure, security characteristics, pricing, proceeds usage, and exchange listing status. Regulated persons must deliver timely, truthful offer documents, disclose conflicts of interest, assess investment suitability, and notify clients of material changes while remaining subject to NAMFISA directives and penalties for non-compliance.
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