Zero coupon zero principal instruments issuance: board specified procedure requires draft filing, public comment, and exchange observations. Regulation 292K delegates to the Board the authority to specify the procedure and conditions for public issuance of Zero Coupon Zero Principal Instruments ... Summary
Zero coupon zero principal instruments issuance: board specified procedure requires draft filing, public comment, and exchange observations.
Regulation 292K delegates to the Board the authority to specify the procedure and conditions for public issuance of Zero Coupon Zero Principal Instruments by Not for Profit Organizations. The documented procedural framework requires filing a draft fund raising document with the Social Stock Exchange along with fees and an application for in principle listing approval, publication of the draft for public comment, receipt of exchange observations within a prescribed period, and incorporation of those observations into a final fund raising document filed before opening the issue.
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