Sentences with phrase «considered debentures»

Digital tokens may also represent a debt owed by an issuer and be considered a debenture under the SFA.»

Such tokens may, therefore, be considered an offer of shares or units in a collective investment scheme under the Securities and Futures Act,» MAS explained, adding that digital tokens also might represent a debt owed by an issuer and be considered a debenture under the act.

Not exact matches

Where digital tokens are used to create or to acknowledge a debt or liability owed by the issuer, they may be considered as a «debenture».

Broadly, subsequent restructuring would be considered unlawful (and stringent penalties would apply) if a UK body corporate caused or permitted a non UK - resident body corporate over which it has control to issue or transfer shares or debentures, without the prior consent of the Treasury.

The Hartford CEO Liam McGee said in a statement this week that the closing to «repurchase the debentures and warrants represent» an important step for the company, which is considering the sale of its life insurance unit, as part of an effort to streamline its operations.