Debenture trustee liability: regulatory noncompliance and failure to cooperate can trigger intermediary enforcement and broader measures. Liability attaches to a debenture trustee that breaches certificate conditions, contravenes securities or companies law provisions, provides false or ... Summary
Debenture trustee liability: regulatory noncompliance and failure to cooperate can trigger intermediary enforcement and broader measures.
Liability attaches to a debenture trustee that breaches certificate conditions, contravenes securities or companies law provisions, provides false or misleading information, fails to submit required returns, does not cooperate with enquiries or investigations, or fails to resolve investor complaints; such conduct is subject to action under the Intermediaries Regulations, while preserving the regulator's broader statutory powers to issue directions and measures under applicable law.
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