CmaBylaw
Executive Bylaws
3-13 Joint Listing Of Module Twelve: Listing Rules
Section: Chapter Three: Listing Bonds and Sukuk
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Sunday, 12 February 2017
Issuers of Bonds or Sukuk listed on the Exchange may list Bonds or Sukuk on Exchanges outside the State of Kuwait only after obtaining the prior written approval of the Authority and fulfilling the following conditions: 1. Submitting a report to the Authority stating the objective of listing the Bonds or Sukuk in a foreign market and the requirements, benefits, activities of the Issuer, and the obligations thereof. In addition to providing a summary of the technical study which includes the objective of listing, benefits and potential risks that may arise therefrom, as well as the measures that would be taken minimize such risks. 2. The ordinary general assembly of the Issuer or Obligor - as applicable - shall have passed a resolution approving the listing of Bonds or Sukuk on the foreign Exchange. 3. The Issuer or Obligor - as applicable - shall submit an undertaking to refrain from disclosing any information to the foreign Exchange before the disclosure of the same to the Exchange in the State of Kuwait. In addition to submitting an undertaking to the Exchange in the State of Kuwait to abide by the provisions and any other requirements related to disclosures in the foreign Exchange. 4. Any other conditions or regulations stipulated by the Authority.
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