Regulatory Alerts2009-01-01
Book No. 1 of 2009 Regarding Rules for Depositing and Trading Incentive and Bonus Shares
The Financial Regulatory Authority (FRA) issued Book No. 1 of 2009 to establish the regulatory framework for depositing and listing incentive and bonus shares. The regulation mandates that companies deposit these equity instruments with approved depositories before they can be traded on stock exchanges. It further standardizes compliance procedures and reporting obligations to ensure transparent market circulation of these shares.
Share