CmaBylaw
Executive Bylaws
2-4 Submission of Issue or Offering Application Of Module Eleven: Dealing in Securities
Section: Chapter Two: Securities Issue and Initial Offering
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Sunday, 12 February 2017
Applications for the issuance or offering of Securities shall be submitted to the Authority through the form designed for this purpose, and shall include the following information: 1. Description of the Securities to be issued or offered. 2. Statement of the kind of subscription, whether it is a Public Offer or Private, and the expected subscription opening and closing dates. 3. Main purposes and grounds for the Securities’ issue or offering. 4. Estimated fees, costs and charges for the process of the issue or offer and any relevant actions. 5. In the case of Bonds or Sukuk, the application for issue or offering shall set out the terms and conditions for redemption. 6. In the event that the Bonds or Sukuk are Convertible into Shares, the application for issuance or offering shall state the terms, conditions and procedures for their conversion into shares. 7. Information and data of the Issuer, Obligor, Subscription Agent, Investment Advisor, Obligor, Credit Rating Agency, and of any personal or in-kind guarantees. 8. Information concerning any legal action by or against the Issuer, Obligor or guarantor in case of a guaranteed issue for Bonds or Sukuk. 9. Any further information required by the Authority.
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