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    <title>Prohibitions of mis-statements in the offer document or placement memorandum.</title>
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    <description>Offer documents, term sheets and placement memoranda for municipal debt must not omit any material fact that would make statements misleading; they must contain disclosures that are true, correct and adequate to enable applicants to take an informed investment decision, and advertisements and term sheets for public issues must not contain false or misleading statements.</description>
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