Corporate Debt Fund

July 8, 2020CORPORATE GOVERNANCE AND FINANCE DEPARTMENTNOTICEThe Commission hereby requests comments on the attached draft Memorandum Circular on the Rules on Corporate Debt Fund. Please submit duly signed written comments on the exposure draft to the Corporate Governance and Finance Department of this Commission not later than 17 July 2020 (Friday), by way of any of the following: LetterCorporate Governance and Finance DepartmentGround Floor, North Wing Hall, Secretariat Bldg.PICC Complex, Vicente Sotto St.1307 Pasay CityEmail[email protected] and [email protected] All interested parties are requested to use the attached Comments Table in submitting comments and proposed revisions.Issued on July 8, 2020.ATTACHMENTSComments on the Proposed Memorandum Circular on the Rules on Corporate Debt Fund RULESCOMMENTSPROPOSED REVISIONSI. Coverage  II. Definition of Terms  III. Minimum Requirements and Registration of a closed end CDF  IV. Disclosure Requirements in the Simplified Prospectus  V. Offering of the CDF1. Product Feature2. Target Investors3. Distribution of CDF Securities4. Payment of filing fees5. Permissible Investments6. Investment Limitations7. Other Limitations8. Parties to the Offer  VI. Reports and Records Requirements   SEC MEMORANDUM CIRCULAR NO. __SERIES OF 2020TO ...