Regulatory Alerts2023-02-14
Regulatory Regulation No. 8: Disclosure by Listed Companies and Its Appendices
The Capital Markets Authority issued Regulatory Regulation No. 8 to mandate comprehensive annual and quarterly financial disclosures for listed companies, including detailed board reports and audited financial statements. The regulation requires immediate public notification of material information such as significant asset changes, major contracts, and shifts in shareholding control. Non-compliance triggers escalating financial penalties, trading suspensions, and specific sanctions for companies already halted from trading.
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