CmaBylaw
Executive Bylaws
13-13 Of Module Eleven: Dealing in Securities
Section: Chapter Thirteen: Preferred Shares Regulations
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Tuesday, 14 February 2017
The first page in any Prospectus shall include a prominent legible framed disclaimer written in bold as follows: “The instruments referred to in this Prospectus constitute Preferred Shares. These instruments are more risky than other ordinary Bonds since their profits may not be guaranteed. Investors are advised to study the risk elements thoroughly before making an investment decision on such an offer. In considering their investment decision, investors shall depend on their evaluation of the Issuer, offer and implicit risks. This Prospectus shall not be taken to be a recommendation by the Capital Markets Authority for investing in Securities. The Capital Markets Authority does not ensure accuracy or adequacy of the information included in this Prospectus”.
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