Regulatory Alerts2016-11-10
Securities Market Conduct Regulation
The Markets Capital Authority issues this regulation to establish comprehensive conduct rules for securities trading, defining non-public inside information and setting strict prohibitions on insider trading and improper disclosure. It mandates issuers and insiders to maintain updated registers, file transaction reports within ten working days, and observe blackout periods prior to financial statement releases. The framework further prohibits deceptive and manipulative market practices, false statements, and prescribes detailed execution, allocation, and front-running obligations for approved institutions acting as principals or on behalf of clients.
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