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Changes to prospectus filing requirements for listed Bermuda companies

As a result of recent statutory amendments, Bermuda companies listed on appointed stock exchanges are no longer required to file prospectuses in Bermuda.

Prior to the Companies Amendment Act 2013, a Bermuda company listed on an appointed stock exchange — which includes most of the world’s major stock exchanges — was required to file in Bermuda a copy of any prospectus that had to be filed under the rules of that stock exchange (or pursuant to the rules of the relevant regulator). As a result of the amendments, the requirement to also file in Bermuda has been abolished.

In addition, where the rules of the stock exchange (or of the relevant regulator) do not require publication and filing of a prospectus, there is no requirement to file in Bermuda either…

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