Regulatory Alerts2019-12-11
Capital Markets and Securities (Nominated Advisers) Regulations, 2008
The Capital Markets and Securities Authority issued these regulations to establish a comprehensive licensing framework for Nominated Advisers and their Representatives managing Enterprise Growth Market companies. The rules mandate specific capital, experience, and staffing thresholds for initial approval while standardizing a 45-day application process, public notification, and fee structures. Licensed entities must maintain continuous compliance through dedicated advisory duties, conflict management, and quarterly reporting, subject to the Authority’s inspection powers and authority to suspend or revoke licenses.
Share