Obligation to ensure compliance with Investor Charter requires debenture trustees to follow board-specified standards under securities regulations. Regulation 14C obliges the debenture trustee to ensure compliance with the Investor Charter as specified by the Board, requiring trustees to implement and ... Summary
Obligation to ensure compliance with Investor Charter requires debenture trustees to follow board-specified standards under securities regulations.
Regulation 14C obliges the debenture trustee to ensure compliance with the Investor Charter as specified by the Board, requiring trustees to implement and adhere to investor-protection standards and to observe any Board-prescribed changes; the duty was inserted by a Board amendment to the Debenture Trustees Regulations, 1993.
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