Section 303 Investments and Securities Act

Section 303 of the Investments and Securities Act 2025 is about Power to make rules and regulations under this Part. It is under Part XVI (Issuance of Securities) of the Act. It provides as follows:

The Commission may make such rules and regulations generally for the purpose of giving effect to the provisions of this Part and the rules and regulations may include —
(a) the manner in which payment of interest is to be made and acknowledged in respect of securities;

(b) the circumstance in which promissory notes shall be renewed before further payment of interest may be claimed;
(c) the manner of payment of interest to joint holders of securities;
(d) the circumstances in which alterations may be made in the registration of securities;

(e) the payment of principal sums or interest and transfer of securities in the case of persons under a legal disability;
(f) the disposal of unclaimed interest;
(g) the fees to be paid in respect of anything to be issued or done under the provisions of this Part;

(h) matters that shall at the minimum be provided for and covered in a trust deed or other like instrument;
(i) debt sustainability guidelines and ratios that issuers of securities under this Part shall comply with;

(j) factors to be considered by custodians in disbursing proceeds of securities issued under this Part; and
(k) all matters required by this Part to be prescribed and all matters incidental to or connected with the matters enumerated.