Regulatory Alerts2023-02-14
Regulatory Bylaw No. 3: Suspension of Trading and Delisting of Listed Companies in the Securities Market
The Securities and Commodities Authority issued Regulatory Bylaw No. 3 to establish the legal framework for suspending trading and delisting listed companies from the market. The regulation details specific grounds for suspension, including loss of listing requirements, disclosure breaches, or investor protection needs, as well as procedures for voluntary suspension requests. It further defines the conditions for delisting, such as company liquidation, insolvency, or prolonged non-trading, and outlines the mandatory procedures for companies seeking to be removed from the market.
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