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The securities regulator amends Regulation 18 of the non-convertible securities listing rules to require trust deeds to be executed "in such format and" within prescribed timelines, adds a proviso allowing debenture trustees to accept deviations from the prescribed trust-deed format if the issuer provides a key summary sheet detailing deviations and rationale in the General Information Document/Key Information Document or Shelf Prospectus, and removes the prior mandate that trust deeds be divided into two parts (Part A statutory/standard and Part B issue-specific). The amendments take effect on publication in the Official Gazette.
The securities regulator amends Regulation 18 of the non-convertible securities listing rules to require trust deeds to be executed "in such format and" within prescribed timelines, adds a proviso allowing debenture trustees to accept deviations from the prescribed trust-deed format if the issuer provides a key summary sheet detailing deviations and rationale in the General Information Document/Key Information Document or Shelf Prospectus, and removes the prior mandate that trust deeds be divided into two parts (Part A statutory/standard and Part B issue-specific). The amendments take effect on publication in the Official Gazette.
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