Regulatory Alerts2023-02-14
Regulatory Bylaw No. 2: Trading Suspension and Resumption Timetables for Listed Company Shares
The Capital Markets Authority issued Regulatory Bylaw No. 2 in 2022 to establish precise timelines for suspending and resuming the trading of listed company shares following general assembly meetings. The regulation mandates immediate trading resumption for standard meetings, while requiring specific submission windows for capital increases, mergers, and reductions, subject to verification by the Companies Registration Directorate. Non-compliance with these procedural deadlines and disclosure obligations subjects companies and their officials to penalties under the prevailing Capital Markets Law.
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