The Draft Amendments to the Rules on the Offer of Securities and Continuing Obligations and the Glossary of Defined Terms Used in The Regulations and Rules of The Capital Market Authority
The project aims to establish a regulatory framework that enables the direct listing of shares in the Main Market by companies that are subsidiaries of companies already listed in the Main Market. The key elements of the project include regulating the conditions and requirements for submitting an application to register shares for the purpose of direct listing in the Main Market, including clarifying the supporting documents required to accompany such application, and clarifying the restrictions that will apply to the shares of certain categories of shareholders in the issuer following the direct listing of the issuer’s shares in the Main Market.
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