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    <description>Regulation 20A is amended to require that consolidation and re-issuance of debt securities be undertaken &quot;in the manner as may be specified by the Board from time to time,&quot; and clause (a) is substituted to require that the articles of association of the issuer contain no provision, express or implied, contrary to such consolidation and re-issuance. A new Regulation 20B mandates that issuers of debt securities on a private placement basis comply with conditions relating to the issue of the International Securities Identification Number as specified by the Board.</description>
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