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Executive Bylaws - CMA

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Executive Bylaws

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  • February 17
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5-33 Of Module Eleven: Dealing in Securities
Section: Chapter Five: Securities Subscription
  • Sunday, 12 February 2017

    Subscription applications shall be submitted to the Subscription Agent with the required subscription payment. The receipt signed and issued by a Subscription Agent shall provide for the following information: 1. Type of Securities. 2. Name, commercial register number and headquarters address of the Issuer and Obligor. 3. Name, information (number of civil identification or commercial register), address and nationality of the applicant. 4. Subscription date. 5. Number of Securities subscribed for. 6. Paid amount of Subscription. 7. Par value of security. 8. Specific dates and terms and conditions of payment. 9. Maturity date of Preferred Shares, Bonds and Sukuk, if any, and the terms of their redemption. 10. Statement of collaterals, if any. 11. In the event that the Securities comprise Preferred Shares, Bonds and Sukukconvertible into Shares, the receipt shall state the details of Shares into which, Bonds and Sukuk shall be converted, and the dates wherein the Bondholders and Sukukholders shall exercise the right of conversion. The subscription by the investor shall be deemed final upon the issue of receipt by the Subscription Agent. Subscription may be conducted electronically via any modern means of payment or communication. Subscription shall be considered complete upon the deposit of the subscription payment in the subscription account as detailed in the Prospectus.

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