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Particulars to be included under section 240A read with section 243(1) of Act in prospectus for every offer of continuously issued structured notes under debenture issuance programme

Securities and Futures (Offers of Investments) (Securities and Securities-based Derivatives Contracts) Regulations 2018

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FOURTEENTH SCHEDULERegulations 2(3), 9(5)(d), 32(2)(e)(i) and 41(2)(j)Particulars to be included under section 240A read with section 243(1) of Act in prospectus for every offer of continuously issued structured notes under debenture issuance programme1. The base prospectus mentioned in section 240A(1)(a) of the Act applicable to every offer of debentures or units of debentures, as the case may be, under a debenture issuance programme mentioned in regulation 9(5)(d), being debentures or units of debentures which are continuously issued structured notes, must contain all the information in the Ninth Schedule, subject to the following additions and exceptions:(a)the base prospectus for the debenture issuance programme must contain the following additional information:(i)a statement that the documents required by paragraph 5 of Part 9 of the Ninth Schedule and, where applicable, paragraph 1(d) of Part 10 of the Ninth Schedule, are available for inspection throughout the duration of the programme;(ii)a statement that the base prospectus, as well as any supplementary base prospectus in respect of the programme issued since the base prospectus was published, are available for inspection for as long as offers are made under the programme;(b)subject to sub‑paragraph (c), the base prospectus may omit all or any of the information mentioned in —(i)paragraph 1(e) of Part 1 of the Ninth Schedule;(ii)paragraphs 3 and 4 of Part 2 of the Ninth Schedule;(iii)paragraph 1 of Part 3 of the Ninth Schedule;(iv)paragraphs 1 to 6 and 8 of Part 4 of the Ninth Schedule;(v)paragraphs 4(a) to (f) and 5 to 10 of Part 5 of the Ninth Schedule;(vi)paragraphs 2 to 5 and 7 of Part 6 of the Ninth Schedule; and(vii)paragraphs 1 to 7 of Part 8 of the Ninth Schedule;(c)if the base prospectus does not contain any of the information mentioned in sub‑paragraph (b), the base prospectus must contain the following additional statements on its front cover:(i)“The investment terms applicable to each offer will be set out in a transaction note to be issued by (insert the name of the specified financial institution making the offer) to each investor prior to the transaction.”;(ii)“A confirmation statement confirming the investment terms upon which the offer has been accepted will be sent by (insert the name of the specified financial institution making the offer) to each person who has subscribed for or purchased the continuously issued structured notes within 3 business days after the date of such subscription or purchase.”;(d)the reference to 6 months after the date of registration of the prospectus in paragraph 1(g) of Part 1 of the Ninth Schedule is to be read as a reference to 24 months after that date.

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