Overview: Covers companies against securities claims arising from offerings of a company?s securities. The policy can cover equity or debt issues, both initial and secondary. Cover is for the company and its directors, officers, employees and selling shareholders.
The policy is a once-only purchase with a validity of six years to coincide with the statutory limitation period for bringing claims.
Who is it for?: All financial institutions involved in capital raising via issue of a prospectus. Protects: The issuer and its subsidiaries, their directors, officers, and employees, any controlling shareholders and any selling shareholders. Automatic cover for domestic partners, administrators and executors.
· Regulatory and crisis advice for critical regulatory events which threaten the offering
· Media management services if the offering is delayed or cancelled for reasons outside the company’s control
· Pre-loss regulatory and governance advice, including DLA loss avoidance and mitigation package
