SEC releases new rules, amendments on collective investment schemes

Register or be banned by May 31 SEC warns capital market operators

SEC releases new rules, amendments on collective investment schemes     The Securities and Exchange Commission (SEC) has released general rules for Collective Investment Schemes prescribing that all units or securities of a collective investment scheme shall be registered by the Commission. The Rule which is on the Commission’s website, also states that all securities subject to registration by the Commission may be offered through offer for subscription; offer for sale; and by way of a shelf registration. Shelf Registration is a filing undertaken by issuers intending to access the…

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