FMA wants better offer documents as securities law overhaul looms large

Wed, 30 Oct 2013

By Paul McBeth Oct. 30 (BusinessDesk) - The Financial Markets Authority wants companies to up their game when putting out offer documents to make sure they’re accessible to retail investors, ahead of new disclosure requirements in the looming overhaul of securities law. The market watchdog was disappointed with dense and lengthy documents used in initial public offerings, which it doubted would be read by retail investors, it said in its annual update on implementing new disclosure guidance. What made it more difficult for retail investor...

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