Regulatory Alerts2022-08-09
Directive No 1 of 2022 – Secondary Market Bond Trading
The Securities and Exchange Commission issued Directive No. 1 of 2022 to mandate full yield disclosure for all secondary bonds traded locally and offshore. The directive requires Dealers and Custodians to ensure transacting parties disclose the yield for each bond trade in accordance with the Securities Act of 2016. This mandate standardizes financial reporting across the capital markets and enhances investor transparency by making yield data consistently available through designated reporting entities.
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