Circular 2021 status not recorded
Circulaire 120 sur l'appel public à l'épargne et le placement restreint (Circular 120 on public offers of securities and restricted placements)
Effective: 14 Jun 2021
Plain-English summary
BRH circular issued 25 May 2021 and in force from 14 June 2021, applying to banks and investment promotion companies. A public offer needs prior BRH authorisation and a BRH-approved prospectus visa, with the application filed at least 30 days before issue; a restricted placement is limited to sophisticated investors or at most 35 non-sophisticated investors. Issuers must be a société anonyme at least five years old with 25 million gourdes of share capital.
Who it applies to
Banking · Capital Markets
Topics
Conduct & Consumer Protection Market Integrity & Securities
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