Sign In
heroBackgroundImg

ProjTitle.icon B) Objectives of the Draft Regulatory Framework and its Main Elements

The Draft Regulatory Framework aims at regulating public secondary offering and secondary offering in the Parallel Market. The main elements of the Draft Regulatory Framework are as follows:

        1. Regulate the requirements for submitting a notice to the CMA if a shareholder wants to offer all or part of their shares in a listed company as a public secondary offering or a secondary offering in the Parallel Market, and regulate the requirements for appointing the financial advisor.
        2. Regulate the disclosure requirements in secondary offerings, including the offering document.
        3. Stipulate the provisions relating to applying the book building process and allocation method in the public secondary offering.
        4. Stipulate the provisions relating to applying the price stabilisation mechanism in the public secondary offering and secondary offering in the Parallel Market. ​


By continuing to use our website, you acknowledge the use of cookies Privacy Policy