Application completeness requirement: incomplete or materially misleading investor registration filings may be rejected unless applicants are given time to cure. Regulation 5 provides that the Board may reject any foreign institutional investor registration application that is incomplete, non conforming, false or ... Summary
Application completeness requirement: incomplete or materially misleading investor registration filings may be rejected unless applicants are given time to cure.
Regulation 5 provides that the Board may reject any foreign institutional investor registration application that is incomplete, non conforming, false or materially misleading, but must first give the applicant a reasonable opportunity and specified time to remove defects or objections indicated by the Board; this power is subject to the qualifications in sub regulation (3) and sub regulation (4) of Regulation 3.
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