Regulatory Alerts2010-01-01
Board of Directors Decision No. 8 of 2010 on Early Disposal of Founder Shares by Supervised Companies
The Financial Regulatory Authority Board of Directors issued Decision No. 8 of 2010 to authorize founders of supervised companies to sell their subscriber shares before the mandatory lock-up period expires. This ruling establishes the specific approval mechanism and compliance requirements for early share disposals by corporate founders. The regulation modifies existing market restrictions to facilitate founder liquidity while preserving regulatory oversight of supervised entities.
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