Regulatory Alerts1998-12-24
Law of Georgia on Securities Market
The Parliament of Georgia enacted this Law to develop the securities market, protect investor interests, and ensure transparency and fair competition in public trading. It establishes the regulatory framework and definitions for securities, issuers, and market participants, while designating the National Bank of Georgia as the primary supervisory authority. The legislation mandates strict prospectus approval procedures for public offerings and outlines the operational rules for stock exchanges, depositories, and brokerage firms.
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