Regulatory Alerts2021-11-09
Ordinance No. 2 of 09.11.2021 on Initial and Ongoing Disclosure of Information in Public Offerings of Securities and Admission to Trading on a Regulated Market
The Financial Supervision Commission issued Ordinance No. 2 to establish detailed requirements for the initial disclosure of information via prospectuses and ongoing disclosure by public companies and other securities issuers. The regulation mandates specific content, formats, and timelines for annual, half-yearly, and interim financial reports, as well as procedures for prospectus approval, publication, and notification of offering results. It further defines equivalence conditions for third-country reporting standards and imposes strict disclosure obligations on issuers undergoing insolvency or liquidation proceedings.
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