| Release Date: | 1439-04-09 |
|---|---|
| Release Tool: | Councils and commissions decisions |
| Issuance Instrument Number: | 2017-123-3 |
| Validity: | Cancelled |
| Date of last amendment: | 1446-11-21 |
| Summary: | By AI The Capital Market Authority issued a Decision to amend the Rules for Offering Securities and Continuous Obligations, which will take effect from the date of its publication. The Decision includes provisions related to exempt offerings, private placements, and public offerings, specifying the responsibilities and obligations of financial institutions and consultants. It also addresses the requirements for public offerings of shares and debt instruments, including registration conditions, publica... |
The issuance included a minor amendment to the following:
Article Seventy-Four, paragraphs (e) and (d), and Article Eighty-Five, paragraphs (a, b, c, d), by replacing the phrase “qualified investors in the parallel market” with the phrase “qualified investors.”
Article Seventy-Nine, paragraph (w), and Article Eighty-Three, paragraph (d), by replacing the phrase “qualified investor in the parallel market” with the phrase “qualified investor.