Definition of borrower expanded to include pooled investment vehicles, broadening secured creditor scope to include pooled debenture trustees. Amendments to section 2 expand the definition of borrower to include pooled investment vehicles and broaden the definition of secured creditor by removing ... Summary
Definition of borrower expanded to include pooled investment vehicles, broadening secured creditor scope to include pooled debenture trustees.
Amendments to section 2 expand the definition of borrower to include pooled investment vehicles and broaden the definition of secured creditor by removing the limitation that a debenture trustee must be appointed by a company, thereby covering debenture trustees appointed by pooled investment vehicles; these changes take effect from 1 April 2021.
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