Amendments to FSC Rules made under the Securities Act

The proposed amendments aim at bringing inter alia the following benefits:

• streamlined on-boarding process to authorise foreign investment dealers from other jurisdictions;
• the amendments brought to the Securities (Preferential Offer) Rules has simplified the disclosure requirements to the Commission in the Preferential Offer Document and allow issuers to seek ratings from international credit rating agencies; and
• Investment dealers and market participants will henceforth be able to set their own Brokerage fee - the principles of a free and transparent market will apply.