Regulatory Alerts2024-01-01
Registration Requirements of Securities Directive, 2024
Issued by Malawi’s Registrar of Financial Institutions under the Securities Act, this 2024 Directive establishes mandatory registration procedures for securities intended for public trading or offers. Issuers must submit a comprehensive application package—including a compliant prospectus, stock exchange recommendation, investor education plan, and audited financial records—alongside a K500,000 fee before publishing the prospectus. The framework enforces strict operational standards covering electronic offerings, a fifty percent local investor allotment reservation, licensed investment advisers, continuous financial disclosures, and underwriting arrangements to guarantee market transparency.
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