Regulatory Alerts2020-10-07 | 181/04Order on Approval of Transparency of Information Rules and Securities Registrar Appointment
The President of the National Bank of Georgia issued Order No. 181/04 to approve new rules governing transparency requirements for issuers of public securities and the appointment of their securities registrars. The regulation mandates that issuers prepare and publish annual and semi-annual reports in accordance with International Financial Reporting Standards, while requiring owners of public equity securities to notify the regulator of significant acquisitions crossing specific voting rights thresholds. This order simultaneously repeals two prior regulatory instruments and takes effect immediately upon publication.
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