Regulatory Alerts2009-01-01
Law No. 55 of 2009 on Trading in Unlisted Securities
The Financial Regulatory Authority issued Law No. 55 of 2009 to establish a comprehensive regulatory framework for trading securities not listed on a stock exchange. The legislation defines the operational requirements, disclosure obligations, and supervisory mechanisms applicable to unlisted securities transactions. It mandates compliance standards that enhance market transparency and protect investors while facilitating the growth of secondary markets for non-listed financial instruments.
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