BR-2.3.32

Past version: Effective from 01 Oct 2009 to 30 Jun 2012
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All Private Placement Memorandums (PPMs) relating to the issue of financial instruments by investment firm licensees, with the exception of those made under Collective Investment Undertakings arrangements (which are covered under the CIU Module of CBB Rulebook Volume 6), must obtain the CBB's prior approval before distributing the offering document. This requirement is applicable to Category 1 and Category 2 investment firm licensees only.

Adopted: October 2009