Regulatory Alerts2020-09-10
Sundry Amendments to the Rules and Regulations of the Commission
The Securities and Exchange Commission has amended regulations concerning legal practitioners' advisory compliance, procedures for delisting securities, and financial disclosure requirements for Sukuk programmes. A new regulatory framework mandates that registered securities exchanges, depositories, and clearing houses pay an annual fee to the Commission equal to 2.5% of their aggregate annual fees. These changes, effective September 10, 2020, also authorize the Commission to determine applicable annual fees for other financial market infrastructures.
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