Underwriting of municipal debt securities must be by registered underwriters, with underwriting arrangements disclosed in the offer document. Underwriting of municipal debt securities for a public issue is permitted only where the underwriter is registered with the Board and, in such cases, the ... Summary
Underwriting of municipal debt securities must be by registered underwriters, with underwriting arrangements disclosed in the offer document.
Underwriting of municipal debt securities for a public issue is permitted only where the underwriter is registered with the Board and, in such cases, the offer document must disclose adequate details regarding the underwriting arrangements.
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