Regulatory Alerts2010-01-01
Minister of Investment Decision No. (62) of 2010 Amending Certain Provisions of the Executive Regulations of the Capital Market Law No. 95 of 1992
The Minister of Investment issued Decision No. (62) of 2010 to amend the Executive Regulations of the Capital Market Law No. 95 of 1992. The amendment replaces the disclosure requirements for securities offerings and introduces Article (35) bis, which permits issuing companies or competent authorities to execute bond or financing certificate issuances in multiple installments subject to regulatory oversight. Compliance requires General Authority for Financial Supervision approval, a detailed issuance plan, a one-year execution window, mandatory credit ratings, advance notifications, public disclosures, and separate fee payments for each tranche.
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