Private placement disclosure requirements restructured: general information document plus key information document govern listing of non-convertible securities. The Regulations expand definitions for key managerial personnel and senior management, omit certain clauses and Schedule II, and insert Chapter VA requiring issuers offering non-convertible securities on private placement to file a one year valid general information document and, for subsequent offers during that validity, a key information document. Filing is on a 'comply or explain' basis during the transitional period and mandatory thereafter; shelf placement memoranda or shelf prospectuses in force can exempt general information document filing so long as the key information document is filed. Schedule I is substituted to prescribe comprehensive, standardized disclosures for public and private offers, including financial statements, risk factors, security and covenant details, and issuer responsibility statements.