Mfsa prospectus listing application rules. Reasons why we are notified of delays and filings. They26 Jun 2021 00:09
Prospectus
8.15 Except in the case of schemes established in a Recognised Jurisdiction, every Prospectus submitted to the Listing Authority by or on behalf of the Scheme in support of an application for authorisation for Admissibility to Listing, shall be drawn in compliance with the requirements of the applicable Investment Services Rules issued by the MFSA in terms of the Investment Services Act. The prospectus of a scheme established in a Recognised Jurisdiction shall be drawn up in compliance with the requirements of the Recognised Jurisdiction and with any additional disclosure requirements which the MFSA may require as part of its licensing requirements when it is to be marketed in Malta. The prospectus of all schemes seeking admissibility to listing shall also contain:
8.15.1 a statement that application has been made to a Regulated Market for Admission to Listing, of the Units issued or to be issued by the Scheme;
8.15.2 the name of the Regulated Market on which the primary listing is or is to be made;
8.15.3 particulars of any other Regulated Market on which any of the Units are listed or dealt in or where listing or permission to deal is being sought or an appropriate negative statement; and
8.15.4 particulars of any Regulated Market where the Scheme had previously sought a listing but had been refused and the reasons for such a refusal.
The Prospectus shall be accompanied by a letter signed by every Director of the Scheme confirming that the Prospectus includes all such information within their knowledge (or which it would be reasonable for them to obtain) that investors and their professional advisers would reasonably require and reasonably expect to find for the purpose of making an informed assessment of the assets and liabilities, financial position, profits and losses and prospects of the Scheme and of the rights attaching to the units to which the Prospectus relates.
8.16 Where during the process of authorisation any document is amended after submission, a copy of the amended document shall be submitted to the Listing Authority for review, marked in the margin to indicate where the relevant items for the Admissibility requirements have been complied with in respect of the amendments. The copy shall also be marked in the margin to indicate any amendments introduced in order to conform with points raised by the Listing Authority.
8.17 The Prospectus and supplements shall require the formal approval of the Listing Authority. No amendment to the authorised Prospectus will be allowed without the consent of the Listing Authority. The Prospectus shall not be published unless they are formally authorised by the Listing Authority in their final form in accordance with these Listing Rules.
8.18 Each copy of the prospectus shall contain an application form which may be used by investors to apply for the Units to be offered.
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