Proposed amendments to the listing rules of NASDAQ Dubai

12-May-2011  |  Banking & Finance, Financial Institutions & Services, The Middle East


The Securities Exchange of the Dubai International Financial Centre, NASDAQ Dubai, has recently issued a Consultation Paper (no 1 of 2011) to encourage public discussion regarding proposed changes to its Listing Rules. The proposal relates to both the framework and content of the Listing Rules which have been in place since September 2005.

The amendments are designed to increase participation by individual investors (both institutional and retail) in IPOs and to create a new and more flexible regulatory regime.

Some of the suggested changes replicate certain existing rules of the Australian Securities Exchange.

Read more on the key amendments

 

Lawyers Ben Constance

 

This article first appeared in the Australian Business Council Dubai Focus Newsletter Issue 3 - April 2011 and is reproduced with the kind permission of the editors.