Dematerialisation requirement: issuers must use a registered depository to effect municipal debt securities issuance and holdings. Issuance of municipal debt securities must occur in dematerialised form: the issuer is required to enter into an arrangement with a depository that is ... Summary
Dematerialisation requirement: issuers must use a registered depository to effect municipal debt securities issuance and holdings.
Issuance of municipal debt securities must occur in dematerialised form: the issuer is required to enter into an arrangement with a depository that is registered with the securities regulator to effect dematerialisation in accordance with applicable depository law and its rules and regulations.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.