Monday, April 4, 2016

Legal Updates

Capital Market Authority Decision No. 2016/2 – Amending the Regulation of Capital Market Authority Law

This decision was issued on 25 February 2016. It amends the Regulation of the Capital Market Authority Law by formalising the requirement for a listed company to disclose the initial quarterly unaudited financial results in addition to the annual, as opposed to just the initial annual unaudited financial results as set out in the original legislation. It also reduces the period of time allowed to disclose the results from thirty days to fifteen days.