Regulatory Alerts2011-04-19
Added
Guidelines on the Cancellation Period for Unlisted Debentures
The Monetary Authority of Singapore issued these guidelines to regulate the cancellation rights of individual investors purchasing unlisted debentures. Offerors must provide a minimum seven-day cancellation period and deliver clear written notice detailing the right to cancel, refund adjustments, and associated procedures. The document further specifies that refunds may be adjusted for market value changes and allows offerors to recover reasonable, disclosed expenses while prohibiting sales charges or penalties.
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