Regulatory Alerts2012-01-01
Decision of the Board of Directors of the Authority No. (49) of 2013 Amending Decision No. 81 of 2011 Regarding Listing Rules for Securities Issued by Small and Medium Enterprises
The Capital Markets Authority issued Decision No. (49) of 2013 to amend its SME listing framework by explicitly prohibiting the exchange listing of shares issued by companies operating in non-banking financial markets. This amendment inserts a new clause into Article Two of Decision No. (81) of 2011, thereby excluding non-banking financial sector entities from SME listing eligibility. Approved on July 12, 2013, the decision took effect the day after its publication in the Official Gazette and on the Authority’s and Exchange’s websites.
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