July 8, 2020
CORPORATE GOVERNANCE AND FINANCE DEPARTMENT
NOTICE
The 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:
Letter | Corporate Governance and Finance Department Ground Floor, North Wing Hall, Secretariat Bldg. |
[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.
ATTACHMENTS
Comments on the Proposed Memorandum Circular on the Rules on Corporate Debt Fund
RULES | COMMENTS | PROPOSED REVISIONS |
I. 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 CDF 1. Product Feature 2. Target Investors 3. Distribution of CDF Securities 4. Payment of filing fees 5. Permissible Investments 6. Investment Limitations 7. Other Limitations 8. Parties to the Offer | ||
VI. Reports and Records Requirements |
SEC MEMORANDUM CIRCULAR NO. __
SERIES OF 2020
| TO | : | ALL CONCERNED CORPORATIONS |
| SUBJECT | : | RULES...
AIC Grande Tower Garnet Road
Mobile No. +639451244898 |
