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…
If you are registered and logged in to the site, click on the link below to read the rest of the Conyers Dill & Pearman briefing. If not, please register or sign in with your details below.
News from Conyers Dill & Pearman
Briefings from Conyers Dill & Pearman
The Cayman Islands Monetary Authority has produced the Statement of Guidance on Corporate Governance for Mutual Funds.
The UK government announced late last year that it would seek to make arrangements for the automatic exchange of information with its overseas territories.