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    <title>Prohibition on payment of incentives</title>
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    <description>Regulation 31 prohibits persons connected with an issue from offering any incentive, direct or indirect, in cash, kind, services or otherwise, to induce applications, while allowing fees or commission for services; an exception permits additional interest or an issue price discount for specified investor categories, available only to the initial allottee and not where the debt securities are transferred or transmitted post-allotment.</description>
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      <description>Regulation 31 prohibits persons connected with an issue from offering any incentive, direct or indirect, in cash, kind, services or otherwise, to induce applications, while allowing fees or commission for services; an exception permits additional interest or an issue price discount for specified investor categories, available only to the initial allottee and not where the debt securities are transferred or transmitted post-allotment.</description>
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