New Rules and Amendments to the Rules and Regulations of the Commission

New Rules and Amendments to the Rules and Regulations of the Commission

Pursuant to the Investments & Securities Act (ISA) 2007, the Commission has reviewed and approved the following new Rules and Amendments to its existing Rules and Regulations as follows:

New Rules

a. Rules on Regulation of Derivatives Trading b. Rules on Central Counter Party (CCP)
c. New Rule on Registration of Fixed Income Existing Securities

Major Amendments

d. Amendment to Rules on Collective Investment Schemes

Sundry Amendments

e. Amendment to Rule 27- Fidelity Bond f. Amendment to Rule 42: Creation of sub-rule (6)- Minimum Disclosure Requirements by Public Companies on their websites

[... The document continues with specific regulatory technical requirements and definitions for these new rules and amendments ...]

Executive Summary

The Commission has introduced comprehensive new rules regulating derivatives trading, including registration, clearing, settlement, and surveillance requirements, as well as establishing detailed operational frameworks for Central Counterparties. Significant amendments have been made to the rules governing Collective Investment Schemes, focusing on related-party transactions, conflict of interest management, and modernized disclosure standards. Furthermore, these regulations mandate specific website-based corporate governance disclosures for public companies and revise fidelity bond and insurance policies for dealing members to enhance investor protection.