Singapore Exchange (SGX) Monday announced that it has introduced new product disclosure templates to enhance the readability of term sheets for structured warrants, debentures and funds.
“SGX is of the view that consistent presentation of product features and risks will facilitate clear and efficient comparison of competing product offerings by market participants,” it said in a statement.
The disclosure templates will apply to the term sheets for debentures in the form of asset-backed securities, exchange traded notes and structured notes; funds, including collective investment schemes and exchange traded funds; and structured warrants.
Issuers are required to apply the guidelines and term sheet formats with effect from August 1.
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