BR-2.3.32

Past version: Effective from 01 Jul 2012 to 30 Sep 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 investment firm and Category 2 investment firm licensees only.

Amended: July 2012
Adopted: October 2009